21Shares, a leading crypto asset manager, has submitted a proposal to list a spot Dogecoin (DOGE) ETF on Nasdaq. If approved, this would mark the first spot DOGE ETF in the U.S., providing traditional investors with direct exposure to the popular cryptocurrency.

The ETF aims to track the performance of Dogecoin, offering a passive investment vehicle without utilizing leverage or derivatives. 21Shares has partnered with House of Doge Inc., the corporate arm of the Dogecoin Foundation, to assist with marketing and strategy for the ETF.

This move reflects increasing demand for diversified crypto investment products and could pave the way for more altcoin ETFs in the future, following the success of Bitcoin and Ethereum-based offerings. $DOGE