Catenaa, Thursday, May 08, 2025-Nasdaq has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the 21Shares Dogecoin exchange-traded fund (ETF).
This filing, made under a 19b-4 proposal, marks the second stage of the approval process, following 21Shares’ S-1 registration submission on April 9.
The proposal is part of an ongoing trend as more asset managers seek to introduce spot dogecoin ETFs, with 21Shares forming an exclusive partnership with the House of Doge and the Dogecoin Foundation to launch the fund.
The SEC’s approval process will begin once the 19b-4 filing is acknowledged and published in the Federal Register. Previous attempts to list spot dogecoin ETFs have been made by Grayscale, Bitwise, and REX Shares.
This follows a shift in regulatory climate after Paul Atkins was sworn in as SEC chairman on April 21, succeeding Gary Gensler. Under Atkins, the SEC has moved toward a more crypto-friendly approach.
Dogecoin ETFs, along with other altcoin-related funds, are currently awaiting SEC review. According to Bloomberg analysts, Dogecoin ETFs have a 75% chance of approval, trailing Litecoin ETFs, which have a 90% chance. This follows the SEC’s approvals of spot Bitcoin and Ethereum ETFs in 2024 and 2025, respectively.
