A conversation around Dogecoin may gradually shift and recent market development The suggestion that the honey coin could be prepared to reach the new top level of all time. The latest development includes the submission of the NASDAQ to the US Securities and Stock Exchange Committee (SEC) 19B-4, applying for approval and trading for the listing and trading of 21shares Dogecoin ETF shares. This will follow the 21shares' previous S-1 registration of 21shares, which aims to provide investors with regulated Doge.
Dogecoin ETF may soon come to Wall Street
Tuesday Nasdaq submitted to a 19b-4 form for the US Security and Exchange Committee (SEC), which officially requests to list and trade ETF 21shares Dogecoin ETF. This submission is based on 21shares' earlier S-1 registration, which not only compiled the structure of the planned ETF but also showed “exclusive” partnership Doge's house.
Although the ETF cannot be triggered without the final consent of the SEC, the submission of Nasdaq 19B-4 denotes the critical milestone of the regulatory process. It denotes another and the last official step needed to review the ETF of the Cryptocurrency. Once the SEC has submitted the submission, it shall be published in the Federal Register and the official review period begins, during which the Agency will consider approval, rejection or delay.
This ETF, when given to the green light, would allow institutional investors to get in contact with the DOGE through regulated financial products, thus opening the memo coin to large capital flows.
DOGE at a price of $ 10: it may no longer pull that far
If Dogecoin reached $ 10, it would require a huge expansion of market capitalization – a result that once seemed completely inaccessible. Dogecoin has been valued as the object of different technical analyzes Targets even exceed $ 10To. Now the growing momentum is offered by the Dogecoin ETF and the growing institutional interest around strong support.
One of the strongest indicators that such a leap is not impossible Bitcoin set precedentTo. When the Spot Bitcoin ETF was finally approved in early 2024, they triggered both institutional and retail investors' capital inflows. King Dogecoin, King of the Memo coins, is now in position to follow a similar route. Although $ 10 may not happen overnight, achieving this goal in such developments is clearer.
SEC is currently reviewing several submission Related to listing Spot Dogecoin ETFs, with such funds Bitward also expects approvalTo. In total, SEC has currently reviewed about 70 crypto ETF applications. Bloomberg analysts say 75% approval DOGE ETF in 2025.
During this writing, Dogecoin trades for $ 0.174.
Highlighted Picture from Getty Images, Chart from TradingView.com
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