21Shares Files Dogecoin ETF with Nasdaq for SEC Approval
Apr 29, 2025, 2:27 p.m.
11 sources
positive
Swiss-based digital asset manager 21Shares has submitted a proposal to the SEC to launch a Dogecoin ETF listed on Nasdaq, aiming to provide both institutional and retail investors with direct exposure to DOGE. Coinbase Custody is set to act as the custodian while the Dogecoin Foundation is expected to assist in marketing the ETF upon approval. Although the filing has sparked interest, the immediate price for DOGE remains unaffected. Historical data from Bitcoin and Ethereum ETFs suggests that approval could eventually trigger significant capital inflows and enhance overall market acceptance. However, the final outcome depends on the SEC’s decision and prevailing market sentiments as regulatory and institutional factors continue to drive market dynamics.
The ETF filing reflects a growing institutional interest in DOGE, suggesting potential price appreciation in the short term if the SEC approves the proposal. Even though the immediate market reaction is subdued, historical trends from similar ETF filings for BTC and ETH indicate that once regulatory hurdles are cleared, significant capital inflows may support a bullish run. Factors such as increased credibility with Coinbase Custody and promotional backing by the Dogecoin Foundation further enhance DOGE's prospects.
While not the primary target of this ETF filing, BTC could benefit indirectly as the broader market gains confidence from the growing trend of crypto ETFs. The institutional adoption implied by this move may drive increased demand for major cryptocurrencies overall. Historical inflows from ETF-related announcements for BTC suggest that enhanced market infrastructure and regulatory clarity could support long-term upward momentum.
ETH is mentioned as a benchmark against which ETF-related institutional interest is measured. The precedent set by previous crypto ETF filings indicates that ETH might experience similar, albeit indirect, positive effects from rising institutional investor sentiment. Improved market clarity and investor confidence in the crypto ecosystem could support ETH's valuation in the long term.
Sources
21Shares Files Dogecoin Spot ETF Proposal with SEC
COINTURK NEWS
29.04.2025 13:21
21Shares Files Dogecoin ETF with Nasdaq for SEC Approval
bitcoininfonews.com
29.04.2025 13:56
Nasdaq Seeks SEC Approval for 21Shares Dogecoin ETF
altcoinbuzz.io
29.04.2025 14:04
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