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Nasdaq Seeks SEC Approval to List 2Shares' Dogecoin ETF

Nasdaq Inc. has filed a proposal with the U.S. Securities and Exchange Commission to list and trade shares of the 2Shares Dogecoin ETF, a new investment product that aims to track the price of DOGE, the most popular meme coin.

The Form 4-19 filing follows 2Shares' filing with the SEC earlier this month for its proposed Dogecoin ETF, joining Grayscale and Bitwise in seeking regulatory approval for its DOGE-linked funds.

These proposed ETFs come at a time of surging interest in altcoin funds, evidenced by a wave of new filings and a more crypto-friendly regulatory climate under the Trump administration.

21Shares' proposed Dogecoin exchange-traded fund will operate as a passive investment vehicle, with shares created and redeemed in blocks of 10,000 by authorized participants using cash transactions only. The fund will not use leverage or derivatives, according to the proposal