Nasdaq Applies to List Spot ETF for Dogecoin

Nasdaq has filed an application with the U.S. Securities and Exchange Commission (SEC) to list a spot-based exchange-traded fund (ETF) for Dogecoin, the original meme-driven cryptocurrency. The proposed product would be sponsored by 21Shares, a firm known for developing crypto investment vehicles.

Good to know

• Nasdaq has submitted a filing to list a spot Dogecoin ETF backed by 21Shares.
• 21Shares is working with House of Doge, tied to the Dogecoin Foundation.
• The ETF filing follows a wave of crypto-related products seeking regulatory approval.

This move follows a partnership between 21Shares and House of Doge, the corporate arm linked to the Dogecoin Foundation. Together, they aim to bring Dogecoin exchange-traded products to markets around the world, including fully regulated structures that can support institutional adoption.

Earlier this month, 21Shares also submitted an S-1 registration form with the SEC, a required step for launching a new ETF in the U.S. market.

Jens Wiechers, who serves on the advisory board at House of Doge and is also a co-executive director at the Dogecoin Foundation, explained the broader goal behind the collaboration:

“This initiative with 21Shares provides a regulated path for institutions to participate in and amplify the ‘Dogecoin is Money’ vision, while still honoring the community’s spirit. Global adoption is critical, and we’re excited to take this next step – ensuring Dogecoin stays fun, but gains the credibility and backing needed to thrive at scale.”

21Shares President Duncan Moir emphasized the institutional value of the effort, stating:

“By partnering with the House of Doge, we are taking a pivotal step in bringing transparent and institutional-grade investment options to the market. This move reflects our commitment to expanding investor access to innovative and community-driven assets while maintaining the highest regulatory and operational standards.”

The filing adds Dogecoin to the growing list of cryptocurrencies seeking access to traditional investment infrastructure through regulated ETFs. While Bitcoin and Ethereum have already made headway, Dogecoin is the latest to attempt bridging the gap between meme culture and formal finance.

The SEC will now evaluate the application, a process that could take several months. If approved, the Dogecoin ETF would offer investors direct exposure to DOGE through a product traded on Nasdaq.