#NasdaqETFUpdate

Nasdaq Requests SEC Approval for Dogecoin ETF Listing

Nasdaq submitted a proposal on April 28 for the listing and trading of shares of the 21Shares Dogecoin ETF on the U.S. Securities and Exchange Commission (SEC). The ETF, which will be managed by 21Shares US LLC, aims to provide investors with indirect access to DOGE through a traditional brokerage account.

According to the application, the Trust is structured as a passive investment vehicle and will not use leverage, derivative financial instruments, or speculative trading strategies. It will track the performance of dogecoin using the CF DOGE-Dollar US Settlement Price Index. The document states:

"The investment objective of the Trust is to attempt to track the performance of dogecoin as measured by the Pricing Benchmark, taking into account the expenses and other liabilities of the Trust."