The NASDAQ Exchange filed a 19B-4 form with the Securities and Exchange Commission (SEC) on Tuesday to approve the list and trade sharing of the 21shares Dogecoin ETF.
Asset Manager 21shares submitted an S-1 registration along with SEC on April 10, As reportedIn collaboration with the House of Doge – the corporate arm of the Dogecoin Foundation – to help promote the fund.
ETF aims to monitor Dogecoin performance, as measured by the CF Doer-dollar US settlement price index, adjusted for the costs of trust and other responsibilities.
This is a passive investment vehicle that will directly hold the Doge. Trust does not use leverage, derivatives, or any similar arrangement to meet its investment goal, the aforementioned filing.
Coinbase Custody Trust will hold funds tokens and serve as official carers for ETF.
The filing came as the SEC postponed its decision on the application of Bitwise’s Spot Doge ETF, which expanded the review period until June 15.
