SEC Application Filed by Nasdaq for Listing 21Shares' Dogecoin (DOGE) ETF on their Exchange
Kickin' it with Crypto!
Hey there, crypto enthusiasts! Today, we've got a fresh scoop on the meme coin scene. Nasdaq, undoubtedly one of the world's top stock exchanges, has thrown its hat in the ring with a Dogecoin (DOGE) ETF!
That's right, folks. 21Shares, a financial heavyweight in crypto investments, has partnered with Nasdaq to submit an application to the U.S. Securities and Exchange Commission (SEC) to list a Dogecoin ETF!
A few weeks back, 21Shares teamed up with the Dogecoin Foundation's corporate arm, House of Doge[1]. The collaboration aimed to launch Dogecoin exchange-traded products (ETPs) globally. Jens Wiechers, Advisory Board Member at House of Doge and Co-Executive Director of the Dogecoin Foundation, shared his excitement about the initiative, saying:
"This initiative with 21Shares provides a regulated path for institutions to participate in and amplify the 'Dogecoin is Money' vision, while still honoring the community's spirit. Global adoption is critical, and we're excited to take this next step — ensuring Dogecoin stays fun, but gains the credibility and backing needed to thrive at scale."
Duncan Moir, President at 21Shares, was equally enthusiastic about the partnership:
"By partnering with the House of Doge, we are taking a pivotal step in bringing transparent and institutional-grade investment options to the market. This move reflects our commitment to expanding investor access to innovative and community-driven assets while maintaining the highest regulatory and operational standards."
The application's S1 form was also officially filed earlier this month[3].
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😎 Sources:[1] — https://www.bloomberg.com/news/articles/2023-04-01/doge-foundation-21shares-to-partner-to-launch-dogecoin-etps-globally[2] — https://www.thedailyhodl.com/[3] — https://www.nasdaqtrading.com/[4] — https://www.thedailyhodl.com/categories/[5] — https://www.sec.gov/
- In the realm of cryptocurrency, Ethereum, being a community-driven asset like Dogecoin, could potentially see increased institutional investment with similar exchange-traded products.
- As the highest regulatory and operational standards are maintained, bonding between entities like the Dogecoin Foundation and 21Shares in crypto investments can lead to the addition of altcoins to the market.
- Recently, 21Shares and the Dogecoin Foundation collaborated to launch Dogecoin exchange-traded products globally, emphasizing the importance of blockchain technology in the world of finance.
- The cryptocurrency landscape is evolving rapidly, with key players such as Nasdaq, 21Shares, and the Dogecoin Foundation constantly innovating their crypto investment strategies to aid in the widespread adoption of altcoins.
- The highest-performing cryptocurrencies, including Bitcoin and Ethereum, and other promising altcoins should be closely monitored by investors as they hold potential for significant growth within the crypto market. [Disclaimer: The above statements should not be considered as investment advice, always do thorough research before making high-stakes investment decisions.]
