21Shares and Nasdaq Seek Dogecoin ETF Approval, Aiming for Market Impact

21Shares and Nasdaq have officially submitted an application to the Securities and Exchange Commission (SEC) for a Dogecoin exchange-traded fund (ETF). This move is anticipated to significantly boost Dogecoin’s legitimacy in the eyes of institutional investors and drive increased market engagement. The potential for the ETF to widen access to investment in cryptocurrency could lead to a surge in trading activity, potentially contributing to further growth in price.