Nasdaq Seeks SEC Approval for Dogecoin ETF, Potentially Revolutionizing Crypto Markets

The Nasdaq has officially applied to the Securities and Exchange Commission (SEC) for approval to list a Dogecoin exchange-traded fund (ETF) backed by 21Shares. This move could significantly increase institutional investment in cryptocurrencies. The proposed ETF would offer a regulated avenue for investors to access Dogecoin on established stock exchanges, potentially boosting trading volume and signaling a shift in regulatory perception towards the cryptocurrency market.