Exciting Dogecoin ETF Filing: 21Shares Eyes NASDAQ Spot

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BitcoinWorld 12h ago

Exciting Dogecoin ETF Filing: 21Shares Eyes NASDAQ Spot - BitcoinWorld

Quick Summary:

Big news is shaking up the crypto world! 21Shares, a major player in the cryptocurrency exchange-traded product space, has officially filed for a Dogecoin ETF with NASDAQ.

When an asset management firm like 21Shares files for an Exchange-Traded Fund (ETF), they are proposing a new investment product that would trade on a traditional stock exchange, like NASDAQ in this case.

While the approval of Bitcoin spot ETFs in the US earlier this year was a landmark event, the path for a Dogecoin ETF could present different challenges, given DOGE’s origins, volatility, and classification as a memecoin rather than a utility or store-of-value asset.