Nasdaq Files for 21Shares Dogecoin ETF with SEC

Nasdaq has filed a 19b-4 form with the SEC to list the 21Shares Dogecoin ETF, aiming to provide passive exposure to Dogecoin's price for investors. The ETF would use Coinbase as its custodian, with surveillance mechanisms to deter market manipulation, rather than partnering with the House of Doge. Competing applications from Grayscale, Bitwise, and REX Shares signal strong interest in launching the first U.S. Dogecoin ETF. The SEC, now led by Chairman Paul Atkins under the Trump administration, is reviewing over 70 crypto ETF proposals but has delayed decisions on both the 21Shares and Bitwise Dogecoin ETF applications, extending the review period to June. Dogecoin's price remains steady around $0.17 as analysts see a realistic chance for approval this year. Approval of a Dogecoin ETF could pave the way for more altcoin-based ETFs in the U.S.