One of the top stock exchanges in the world has filed to list a spot-based exchange-traded fund (ETF) for the original memecoin.
Nasdaq has officially submitted an application to the U.S. Securities and Exchange Commission (SEC) to list a Dogecoin (DOGE) ETF that will be sponsored by 21Shares, a financial firm specializing in crypto investments.
Earlier this month, 21Shares teamed up with the corporate arm of the Dogecoin Foundation, House of Doge, for an initiative to launch DOGE exchange-traded products (ETPs) globally.
Said Jens Wiechers, Advisory Board Member at House of Doge and Co-Executive Director of the Dogecoin Foundation, at the time,
“This initiative with 21Shares provides a regulated path for institutions to participate in and amplify the ‘Dogecoin is Money’ vision, while still honoring the community’s spirit. Global adoption is critical, and we’re excited to take this next step – ensuring Dogecoin stays fun, but gains the credibility and backing needed to thrive at scale.”
Added Duncan Moir, President at 21Shares, of the powerhouse crypto partnership,
“By partnering with the House of Doge, we are taking a pivotal step in bringing transparent and institutional-grade investment options to the market. This move reflects our commitment to expanding investor access to innovative and community-driven assets while maintaining the highest regulatory and operational standards.”
The S1 application form was also officially filed earlier this month.
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