Nasdaq has submitted an S-1 kind for the 21Shares Dogecoin ETF with the US Securities and Exchange Commission (SEC). This transfer formally kicks off the approval course of, with the Commission having to resolve whether or not or to not approve the fund, which is able to present institutional buyers entry to the highest meme coin.
Nasdaq Files To List & Trade 21Shares Dogecoin ETF
A Nasdaq filing has revealed that the change has submitted an utility to the US SEC to checklist and commerce the 21Shares Dogecoin ETF. This transfer is important, because the S-1 submitting formally begins the approval course of.
The SEC will then transfer to publish the submitting within the Federal Register and ask for public feedback on the submitting earlier than it decides to approve or deny. It is price mentioning that asset manager 21Shares had earlier this month filed the 19b-4 kind for its DOGE ETF. This transfer confirmed the agency’s intention to supply buyers publicity to the biggest meme coin by market cap.
Besides 21Shares, Grayscale, and Bitwise have additionally filed to supply a Dogecoin ETF, offering a bullish outlook for the DOGE price, which may surge as institutional buyers put money into the meme coin. More asset managers are anticipated to file for a DOGE ETF as curiosity within the meme coin picks up.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto information author and editor who has lined subjects that reduce throughout a number of subjects and niches. Boluwatife has a knack for simplifying probably the most technical ideas and making it straightforward for crypto newbies to grasp. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
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