Dogecoin ETF: Nasdaq Seeks SEC Approval for Spot Listing

Dogecoin ETF: 21Shares and House of Doge Plan Launch on Nasdaq

Nasdaq has officially asked the U.S. SEC to approve a new Dogecoin ETF. This (exchange-traded fund) would be created and managed by 21Shares, a big asset manager based in Switzerland. If approved, this would be the first-ever spot ETF that tracks the price of Dogecoin, a popular meme coin that started as a joke but is now one of the top 10 cryptocurrencies in the world. It has a market cap of $26.17 billion as per CoinMarketCap, currently trading at $0.1755. 

What Is This ETF About?

21Shares sent a form called S-1 to the SEC, while Nasdaq submitted a 19b-4 form. These are required to get the process started. It would give investors a way to invest in this memecoin without needing to buy or store the crypto themselves. Instead of using futures or other complex tools, this fund would hold real coin.

It represents a security system that is both secure and straightforward to operate. The share trading of this fund will only occur through block transactions of 10,000 shares while utilizing cash transactions exclusively beyond borrowing options.

How Will It Stay Safe?

Nasdaq commits to operating the fund through standard trading rules and advanced surveillance systems to guarantee normal operation. As a member of the Intermarket Surveillance Group (ISG), the exchange functions as a mechanism to detect illegal behaviors in multiple marketplaces. Active surveillance of the Dogecoin fund will occur because of the increased confidence in monitoring protocols. 

A Push from the House of Doge

The ETF promotion initiative from 21Shares depends on its collaboration with the House of Doge, which operates as a Dogecoin Foundation partner. Through its partnership with the House of Doge, the 21Shares team plans to advertise the fund across various investors, including small clients and big companies. The organization already operates a Dogecoin investment product in European markets.

A Big Year for Crypto ETFs

The filing of this proposal appears during a period when multiple crypto ETFs are advancing their applications to regulators. The market acceptance of crypto funds exhibits strong interest, with Grayscale, Fidelity, Bitwise, and Franklin Templeton preparing numerous filings for approving funds based on tokens, including Solana (SOL), Litecoin (LTC), and XRP, along with Trump-themed digital tokens.

What’s Next?

The SEC has not yet approved the proposal. SEC has postponed the final decision to June 15, 2025. This extra time allows them to review the application more closely. The XRP ETF will be reviewed two days later, on June 17, 2025. 

If the Dogecoin ETF is approved, it could open the door for more meme-coin investment options. It would also give people an easier and safer way to invest in DOGE through traditional finance tools.