Nasdaq to List 21Shares Dogecoin ETF on SEC Approval – Coincu

Nasdaq has filed with the SEC to list and trade the 21Shares Dogecoin ETF. The ETF will track the DOGE-USD index through CF Benchmarks, managed by 21Shares US LLC.

Approval of Nasdaq’s application could increase retail and institutional access to Dogecoin, potentially lifting the cryptocurrency’s profile.

Nasdaq Files for 21Shares Dogecoin ETF, Awaits SEC Decision

Nasdaq has officially filed documents to list the 21Shares Dogecoin ETF under Rule 5711(d). 21Shares US LLC will manage the fund in partnership with Coinbase Custody, which will hold the Dogecoin assets. The ETF targets the DOGE-USD fixing price index issued by CF Benchmarks.

The ETF will use a cash-only subscription and redemption model, forgoing leverage and derivatives. This approach focuses on transparency and direct market exposure. If approved, Nasdaq will broaden its crypto asset offerings, extending interest beyond large-cap cryptocurrencies.

“We urge the SEC to treat digital assets with standards comparable to traditional securities if they functionally act the same” – Nasdaq Comment Letter (April 25).

Dogecoin’s Market Impact and Future Prospects Explored

Did you know? The potential listing of Dogecoin ETFs marks a new chapter for memecoins following the success of large-cap asset ETFs like Bitcoin and Ethereum.

Dogecoin (DOGE) is priced at $0.18 with a market cap of $26.49 billion, according to CoinMarketCap. It holds a market dominance of 0.89% as of April 29, 2025. Trading volume has decreased by 36.79% in 24 hours, reflecting short-term trends.

Coincu Research suggests that the approval of Dogecoin ETFs could redefine memecoin investment, enhancing financial governance and broadening investor bases. Historically, patterns show regulatory acceptance often boosts asset adoption. For a perspective on market trends, Eric Balchunas discusses such developments.