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Nasdaq has submitted an official application to the U.S. Securities and Exchange Commission (SEC) for the listing and trading of shares of the 21Shares Dogecoin ETF linked to commodity-related stocks. The application represents an important step toward integrating cryptocurrencies into traditional financial markets. If approved, it will have a significant impact on investors and the cryptocurrency market, reinforcing Nasdaq's position as a leading platform for financial innovation. However, regulatory approval remains a critical factor in this process.
The application aims to enable investors to trade shares of the fund linked to the digital currency Dogecoin, reflecting a growing trend toward the acceptance of digital assets in traditional markets.