NASDAQ requests the list of the Dogecoin ETF from 21Shares

• The asset manager 21shares has submitted a proposal to perform a Spot Dogecoin Exchange-Traded Fund (ETF).
• other companies, including Grayscale, Bitwise and Rex Shares, have also submitted applications for similar Dogecoin ETFs.
• The SEC is currently to examine more than 70 applications for crypto ETFs,

The asset manager 21Shares has submitted a proposal to perform a Spot Dogecoin Exchange-Traded Fund (ETF), which is the latest step in a number of registrations that aim to bring crypto-related investment products into the mainstream.

The Nasdaq Stock Market submitted the required 19b-4 document on Tuesday, a necessary step in the approval process for ETFs of the Securities and Exchange Commission (Sec).

The 19b-4 registration follows the original S-1 registration of 21shares, which was submitted on April 9th.

In the previous registration, the company announced an exclusive partnership with the House of Doge to create funds that are supported by Dogecoin Foundation.

After the SEC has recognized the 19B-4 document, it is published in the Federal Register, which starts the formal review period.

Other companies, including Grayscale, Bitwise and Rex Shares, have also submitted applications for similar Dogecoin ETFs.

The registrations are made because the SEC signals a departure from its previous approach to digital assets.

Change of leadership at the Sec

The regulatory change follows the appointment of Paul Atkins as Seclei Chair on April 21st.

nominated by President Donald Trump, Atkins critically viewed the former policies of the authority under the bid administration and the former chairman Gary Gensler.

"In the past few years, market and regulatory uncertainties have been suffocated in recent years that the SEC has regretted," said Atkins last week.

The confirmation of Atkins, after a controversial Senate vote, is expected to accelerate decisions about a growing number of crypto-related proposals.

The incumbent chairman Mark Uyeda had previously delayed important decisions, and insiders attribute this to the lack of permanent leadership.

Hagan at Krypto ETFs

The SEC is currently to examine more than 70 applications for crypto ETFs, including products that are associated with important old coins such as XRP, Solana and Litecoin, as well as thematic and leveraged offers.

Analyst Eric Balchunas called the ETF-WARTSCHLANK "crazy" and referred to the inclusion of everything, of "Penguins, Doge and 2x Melania."

Bloomberg analysts estimated in February that the probability of approval for Litecoin ETFs is 90 % and for Dogecoin.

This latest thrust is followed by the approval of Spot-Bitcoin ETFs in January 2024 and Spot ethereum ETFs in July, both of which were viewed as milestones for the crypto landlord.

At the time of writing on Tuesday, the price for Dogecoin rose by 0.4 % to $ 0.1789.