Nasdaq has submitted a regulatory filing to list and trade shares of the 21Shares Dogecoin ETF, potentially creating a new investment avenue for the popular cryptocurrency as the Securities and Exchange Commission continues to extend review periods for multiple crypto fund applications.
According to the filing, the proposed ETF would hold spot Dogecoin and track the CF DOGE-Dollar US Settlement Price Index, with Coinbase Custody Trust Company serving as the cryptocurrency custodian for the trust.
The application represents another step toward expanding cryptocurrency access through ETFs, which would allow investors to buy Dogecoin exposure through their existing brokerage accounts instead of cryptocurrency exchanges.
The filing comes as the Securities and Exchange Commission has delayed decisions on several other cryptocurrency ETF applications, including Ethereum staking products and competing Dogecoin funds.
James Seyffart, a Bloomberg ETF analyst, noted in an X post: “We also had the SEC delay decisions on Ethereum Staking and Dogecoin ETFs today,” adding that final deadlines for most applications would be “in October 2025 or later.”
These delays follow standard SEC practice and extend the agency’s timeline to continue evaluation, according to Bloomberg’s ETF approval calendar. Most delayed products face final deadlines between the third and fourth quarters of 2025.
Read More: SEC Delays Its Decision on Polkadot & HBAR ETFs
The regulatory body recently pushed back decisions on Franklin Templeton’s spot Solana and XRP ETFs, Grayscale’s Hedera ETF, Bitwise’s Dogecoin ETF, and staking provisions in Ethereum ETFs from Franklin and Fidelity, as noted in an X post by Nate Geraci, president of ETF Store.
The Dogecoin Trust would join more than 70 crypto ETF applications submitted for SEC review since President Trump instructed the agency to adopt a more crypto-friendly stance after taking office in January.
Despite the continued delays, Geraci expressed optimism about the outlook for crypto ETFs, posting: “I still think all will be approved this year.”
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