21Shares Files Dogecoin Spot ETF Application with SEC

21Shares has submitted a spot ETF application for Dogecoin to the U.S. Securities and Exchange Commission (SEC). Nasdaq has officially initiated the review process by filing Form S-1, marking the first step toward obtaining approval for this exchange-traded fund, which would allow financial institutions to invest in Dogecoin. Following legal procedures, after the application is published in the federal official journal, public comments will be solicited. The SEC will then decide whether to approve or reject the ETF. Previously, 21Shares had also submitted Form 19b-4 for this ETF. Additionally, other companies like Grayscale and Bitwise are also seeking to launch their own Dogecoin ETFs. Despite these developments, Dogecoin’s price has remained unchanged.