One of many prime inventory exchanges on this planet has filed to record a spot-based exchange-traded fund (ETF) for the unique memecoin.
Nasdaq has formally submitted an software to the U.S. Securities and Change Fee (SEC) to record a Dogecoin (DOGE) ETF that shall be sponsored by 21Shares, a monetary agency specializing in crypto investments.
Earlier this month, 21Shares teamed up with the company arm of the Dogecoin Basis, Home of Doge, for an initiative to launch DOGE exchange-traded merchandise (ETPs) globally.
Mentioned Jens Wiechers, Advisory Board Member at Home of Doge and Co-Govt Director of the Dogecoin Basis, on the time,
“This initiative with 21Shares gives a regulated path for establishments to take part in and amplify the ‘Dogecoin is Cash’ imaginative and prescient, whereas nonetheless honoring the neighborhood’s spirit. World adoption is vital, and we’re excited to take this subsequent step – guaranteeing Dogecoin stays enjoyable, however good points the credibility and backing wanted to thrive at scale.”
Added Duncan Moir, President at 21Shares, of the powerhouse crypto partnership,
“By partnering with the Home of Doge, we’re taking a pivotal step in bringing clear and institutional-grade funding choices to the market. This transfer displays our dedication to increasing investor entry to revolutionary and community-driven belongings whereas sustaining the best regulatory and operational requirements.”
The S1 application form was additionally formally filed earlier this month.
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