Main to remember
- The Nasdaq has filed a proposal aimed at listing the 21Shares Dogecoin Etf, which follows the price of Dogecoin.
- The ETF will be a passive investment vehicle with a minimum of 40,000 shares necessary for initial registration on the NASDAQ.
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The NASDAQ has submitted a proposal to the SEC to register and negotiate the actions of the 21Shares Dogecoin ETF, a new investment product aimed at following the Dogey prize, the most popular piece of memes.
The 19B-4 file follows the submission by 21Shares of an S-1 registration at the SEC earlier this month for its proposed Dogecoin ETF, joining the gray scale and in the search for regulatory approval for their own funds related to DOGE.
These proposed FNBs arise at a time when the interest in Altcoin -based funds has increased, proven by a wave of new deposits and a more friendly crypto regulatory climate as part of the Trump administration.
The Dogecoin FNB proposed by 21Shares will operate as a passive investment vehicle, with actions created and bought into blocks of 10,000 through authorized participants using cash transactions only. The trust will not use the lever or derivative effect, depending on the file.
The trading of ETF shares will be subject to the surveillance procedures and the NASDAQ negotiation rules. The exchange will require a minimum of 40,000 shares in circulation for initial registration.
By supporting the proposal, the Nasdaq argues that its membership in the Intermarket (ISG) surveillance group provides robust surveillance sharing agreements, which allows it to detect and dissuade the potential manipulation of the underlying market of Dogecoin.
21Shares recently trained an exclusive partnership with Doge’s house to launch the Dogecoin ETPs. These are the only Dogecoin ETPs approved by the Dogecoin Foundation, aimed at providing an institutional quality exposure to Dogecoin.
The Crypto Asset Manager based in Switzerland is one of the main companies that push several ETF Crypto proposals in 2025, focusing on assets such as Solana, Dogecoin, XRP and other Altcoins to meet the growing demand for investors.
The dry is currently reviewing 72 ETF deposits linked to the crypto, including those of 21Shares, according to the ETF expert, Eric Balchunas.
There are now 72 ETFs linked to cryptography sitting with the dry awaiting approval to list or list the options. Everything, from XRP, Litecoin and Solana to the Penguins, Doge and 2x Melania and everything else. Will be a wild year. Big tournament @Jseyff
– Eric Balchunas (@ericbalchunas) April 21, 2025
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