21Shares Submits Proposal for Dogecoin Spot ETF to SEC

Cryptocurrency firm 21Shares has officially filed a request with the U.S. Securities and Exchange Commission (SEC) seeking approval for a spot exchange-traded fund (ETF) based on Dogecoin. The company submitted Form S-1 registration, outlining their plans for this new ETF, which will track the price of Dogecoin using the CF DOGE-Dollar US Settlement Price Index as its benchmark. Coinbase Custody is slated to act as the custodian for the underlying assets.