Asset manager 21Shares has submitted an amendment for its Dogecoin ETFs, following the initial filing last month. The US Securities and Exchange Commission (SEC) recently acknowledged the filing, initiating the review process. The amended application aims to provide a Dogecoin ETF, with Nasdaq also filing to list and trade shares of the ETF. Bloomberg analysts note that SEC communication with the asset manager indicates progress towards potential approval. The SEC has delayed decisions on other Dogecoin ETF applications, with upcoming deadlines in August and October. Bitwise has also filed for a Dogecoin ETF, facing delays in the approval process. Market data suggests a 69% chance of SEC approval by December 31. Analysts predict potential approval in the fourth quarter, considering Dogecoin's classification as a commodity and the existence of a regulated futures market. Despite price fluctuations, the outlook for a Dogecoin ETF approval remains optimistic. Read more AI-generated news on: https://app.chaingpt.org/news

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