The NASDAQ has filed with the US SEC looking for approval to list and trade the 21shares Doge ETF distributing under the NASDAQ Rule 5711 (D), which manages the list and trading of sharing trust-based goods on exchange. The proposal came after 21shares successfully launched a Dogecoin ETP with more than $ 1.64M in AUM and a 17% YTD return.
Nasdaq suggested The 21shares ETF list and trading share under the NASDAQ Rule 5711 (D), which manages the list and trading of trust -based commodity -based exchange.
The 21shares US LLC will support DOGE ETF and a Maryland's confidence company will serve as a trustee manager. A third party appointed by the sponsor and/or the overseer will be the trustee of trust.
According to the registration statement, trust would be a passive investment vehicle that would not look for to produce returns beyond the Dogecoin (Dogecoin) price monitoring, which means that the sponsor will not sell Dogecoin at times when the price is high or speculatively buy Dogecoin at low prices in future prices. It also means that confidence does not use leverage, derivatives, or any similar aspiration to meet its investment goal.
Nasdaq also noted that the purpose of investing trust was to monitor Dogecoin performance, as measured by the CF DoGe-dollar performance of US settlement prices that fit for the costs of trust and other responsibilities.
NASDAQ files included US SEC to list and exchange 21shares Doge ETF
BREAKING: 🇺🇸 21shares files for
Dogecoin $ Doge ETF with NASDAQ.Prepare for altseason 🚀 pic.twitter.com/ovsfr2ykbh
– Max (@maxcryptoxx) April 29, 2025
NASDAQ has filed in US SEC to list and exchange 21shares Dogecoin ETF under NASDAQ Rule 5711 (D) —a rule that usually manages the list and trading of commodity-based trust shares. Coinbase Custody Trust Company, LLC will be careful and holds all Dogecoin on behalf of trust.
Nasdaq explained that when the trust sells or redeemed its shares, the Doge will be transferred to or out of trust – as appropriate – in exchange for 10K sharing blocks (a 'basket') based on the amount of dogecoin that is attributed to each part of trust.
However, the Nasdaq The registration statement is also read in the part that “Neither the trust, nor the sponsor, nor the custodian of the Dogecoin, nor any other person associated with trust is, directly or indirectly, is engaged in the action where any part of the Dogecoin of trust is used to earn additional Dogecoin or generate rewards or other revenues.”
The registration statement specifically revealed that trust was not an investment company registered under the Investment Company Act of 1940, as amended, and not subject to regulation under the 1940 Act. Trust is also not a commodity pool for the purposes of the Commodity Exchange Act of 1936, such as amended, and the sponsor is not subject to the regulation of the Commodity Futures Trading Commission (CFTC) as a commodity pool operator or a commodity trade adviser.
21shares partners with 'House of Doge' to launch Doge ETP in Europe
The 21shares formed an exclusive cooperation with the House of Doge to create a single Dogecoin ETP sponsored by the Dogecoin Foundation, listed in six Swiss exchanges under the Ticker Doge.
21shares president Duncan Moir said the exclusive collaboration provided investors in the most direct and accessible way to obtain exposure to the Dogecoin ecosystem. He added that Dogecoin has become more than a cryptocurrency: it represents a cultural and financial movement that continues to push the mainstream adoption -and the Doge has offered investors a regulated avenue to be part of a Kapana -exciting project.
“This cooperation marks a huge step forward for the Dogecoin vision.”
– Jens WiechersMember of the Advisory Board at House of Doge and co-executive director of the Dogecoin Foundation
Sarosh Mistry, the director-elect of the House of Doge, said the cooperation with 21shares has shown the growing age and legitimacy of Dogecoin in the financial world.
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