One of the best fairs in the world has submitted to mention a spot-based Exchange-Traded Fund (ETF) for the original memecoin.
Nasdaq has officially submitted An application with the US Securities and Exchange Commission (SEC) to sum up a Dogecoin (doge) ETF that is sponsored by 21Shares, a financial undertaking specializing in crypto investments.
Earlier this month, 21Shares collaborated with the rough of the Dogecoin Foundation, House of Doge, for an initiative to launch doge Exchange-Trade Products (ETPs) worldwide.
Said Jens Wiechers, advisory board member at House of Doge and co-executing director of the Dogecoin Foundation, at the time,
‘This initiative with 21Shares offers a regulated path for institutions to participate in and the ‘dogecoin is’ vision’, while the spirit still honors the spirit of the community. Global adoption is crucial and we are pleased to take this next step – to ensure that Dogecoin stays fun, but gets the credibility and support that is needed to thrive on scale. “
Duncan Moir, President of 21Shares, of the Powerhouse Crypto Partnership added,
“By working together with the House of Doge, we take a crucial step in bringing transparent and institutional investment options on the market. This step reflects our dedication to expanding access to innovative and community -driven assets while maintaining the highest regulatory and operational standards.”
The S1 -Request form was also officially submitted earlier this month.
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Generated image: midjourney
