Key dealers
- Nasdaq has submitted a proposal to list 21Shares Dogecoin ETF, which traces Dogecoin’s award.
- ETF will be a passive investment vehicle with at least 40,000 shares needed for initial listing on Nasdaq.
Nasdaq has submitted a proposal for Sec for list and trade in 21 Shares Dogecoin ETF, a new investment product aimed at tracking the price of Doge, the most popular Meme coin.
The 19B-4 archiving Follows 21 Shares’ submission of a S-1 registration to Sec earlier this month for its proposed Dogecoin ETF, Connection Gray scale and Here and there When seeking legislative approval for their own dog-linked funds.
These proposed ETFs come at a time when interest in altcoin-based funds has increased, proven by a wave of new applications and a more crypt-friendly regulatory climate during the Trump administration.
21 Shares proposed Dogecoin ETF will serve as a passive investment vehicle, with shares created and redeemed in blocks of 10,000 through authorized participants who only use cash transactions. Confidence will not use leverage or derivatives, according to the archiving.
Trade of ETF shares will be covered by Nasdaq’s surveillance procedures and trade rules. The exchange will require at least 40,000 shares outstanding for a first listing.
In order to support the proposal, Nasdaq claims that its membership in the Middle Market Surveillance Group (ISG) provides robust monitoring agreements, which makes it possible to detect and deter potential manipulation in the underlying Dogecoin market.
21Shares recently formed an exclusive partnership with House of Doge to launch Dogecoin ETP. These are the only ETPs in Dogecoin approved by the Dogecoin Foundation, which aims to give exposure to institutional quality for Dogecoin.
The Switzerland-based Crypto Asset Manager is among the leading companies that run several crypto-ETF proposals 2025, focusing on assets such as Solana, Dogecoin, XRP and other Altcoins to meet the growing investors’ demand.
Sec is currently reviewing 72 crypto-related ETF applications, including those from 21 Shares, according to ETF expert Eric Balchunas.
There are now 72 crypto -related ETFs who are sitting with SEC waiting for approval to list or list options. Everything from XRP, Litecoin and Solana to penguins, Dogge and 2x Melania and everything in between. Will be a wild year. Good Roundup from @Jseyff https://t.co/ihtQQXEH35
– Eric Balchunas (@ericbalchunas) April 21, 2025
