Nasdaq Files for Dogecoin ETF Approval: A Step Towards Mainstream Crypto Investing

The Nasdaq has taken a significant step towards mainstream cryptocurrency adoption by filing an application with the SEC to list a 21Shares Spot Dogecoin Exchange-Traded Fund (ETF). This move signifies growing interest in regulated investments within the cryptocurrency space. The proposed ETF will offer investors passive exposure to Dogecoin, tracking its price through the CF DOGE-Dollar U.S. Settlement Price Index without engaging in risky practices like leverage or derivatives. 21Shares will act as sponsor and manager, with Coinbase Custody responsible for safeguarding the underlying Dogecoin assets.