DOGE Update: Nasdaq Requests SEC Approval for 21Shares’ Dogecoin ETF Listing
Sure! Here’s the revised content:
<img src="https://cdn.sanity.io/images/s3y3vcno/production/de273fa02599ff7e5fba2ca868ebeb7b4dd715c3-447x314.png?auto=format&w=1920&h=1080&crop=focalpoint&fit=clip" /><br>The Nasdaq exchange filed a 19b-4 form with the Securities and Exchange Commission (SEC) on Tuesday to approve listing and trading shares of the 21Shares Dogecoin ETF. Asset manager 21Shares submitted an S-1 registration with the SEC on April 10, in partnership with the House of Doge — the Dogecoin Foundation’s corporate arm — to support the fund's promotion. The ETF aims to track the performance of dogecoin, as measured by the CF DOGE-Dollar US Settlement Price Index, adjusted for the Trust’s expenses and other liabilities. It serves as a passive investment vehicle that will hold DOGE directly. The Trust will not utilize leverage, derivatives, or any similar arrangements to meet its investment objective, as noted in the filing. Coinbase Custody Trust will hold the fund’s tokens and serve as the official custodian for the ETF. This filing follows the SEC's decision to postpone its ruling on Bitwise’s spot DOGE ETF application, extending the review period until June 15.
