The Nasdaq exchange has filed for approval from the SEC to list and trade shares in the 21Shares Dogecoin ETF. 21Shares collaborated with the House of Doge to submit an S-1 registration for this ETF, which aims to follow dogecoin’s market performance.

Coinbase Custody Trust will act as the fund’s official custodian, maintaining the tokens directly without employing leverage or derivatives.

Key Points:

• The filing seeks to track the performance of dogecoin via the CF DOGE-Dollar US Settlement Price Index, adjusted for the trust’s expenses.
• It is designed as a passive investment option, holding DOGE directly and not using any borrowing strategies.
• The application comes as the SEC has delayed decisions on other ETFs, notably Bitwise’s own spot DOGE ETF, pushing the review period to June 15.