Nasdaq Document Lists and Trading Dog ETFs Run by 21shares

The procedure, conducted through the S-1 form, marks the beginning of the evaluation process for the proposed fund approval.

Nasdaq has formally filed a request with the U.S. Securities and Exchange Commission (SEC) to list and trade Dogecoin ETFs operated by 21shares.

The process conducted through Table S-1 begins the evaluation period for the proposed fund approval, which will provide cryptocurrency to institutional investors. Doge is a joke-born memorial that maintains an active user base today with a market value of nearly $27 billion.

The SEC now must publish the document on the federal register and open a public comment period before making a decision. This process is standard for all new ETF proposals, whether traditional assets or cryptocurrencies. It is worth noting that a few weeks ago, 21shares had submitted Form 19b-4 in the same product, indicating that its purpose is to make Dogecoin-based institutional investment vehicles.

Other companies follow 21shares leadership

In addition to 21shares, similar suggestions were made on grayscale and bits, indicating that several asset managers aim to increase potential growth in institutional demand for Dogecoin. In the coming months, the possibility of an increasing number of companies launching documents remains open, especially if market volume increases or media attention to popular Memecoin upgrades.

After the filing announcement, Dogecoin's price experienced a 2% increase, with a value of $0.1796 per unit. Some analysts believe that if the funds are approved, prices may surge. Trader Tardigrade noted that Dogecoin has been bounced across different ranges, and the wrong breakthroughs have prevented significant progress, but he expects a clear breakthrough to happen soon.

The above is the detailed content of Nasdaq Document Lists and Trading Dog ETFs Run by 21shares. For more information, please follow other related articles on the PHP Chinese website!