19 Aug 2025
🪙SEC Considers 21Shares Dogecoin ETF for Nasdaq Listing
Self-Regulatory Organizations; Nasdaq Stock Market LLC; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the 21Shares Dogecoin ETF Under Nasdaq Rule 5711(d) (Commodity Based Trust Shares)
Summary
The SEC is reviewing a proposed rule change by Nasdaq to list and trade shares of the 21Shares Dogecoin ETF, which aims to track the performance of Dogecoin. This proposal is under scrutiny for its regulatory compliance and potential market implications, inviting public comments before a final decision.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change to list the 21Shares Dogecoin ETF on Nasdaq can significantly affect business operations, especially for firms involved in digital assets, investment management, or financial services. If approved, it will provide new investment opportunities and attract interest in cryptocurrency assets, with implications for market competitiveness and compliance with regulatory standards.