21Shares Dogecoin ETF lists on Nasdaq…“First SEC approval case”

U.S. asset manager 21Shares’ spot Dogecoin (DOGE) exchange-traded fund (ETF) has listed on Nasdaq.

According to Decrypt on the 22nd (local time), 21Shares’ spot Dogecoin ETF listed on Nasdaq that day and began trading. It is the only ETF approved by the Dogecoin Foundation.

The ETF is also the first Dogecoin ETF approved by the U.S. Securities and Exchange Commission (SEC). Decrypt reported, “Grayscale and Bitwise’s Dogecoin ETFs did not go through an explicit SEC approval process,” adding, “By approving 21Shares’ Dogecoin ETF earlier this month, the SEC for the first time concluded that Dogecoin is not a security.”

21Shares believes the Dogecoin ETF has strong potential for success. Duncan Moir, president of 21Shares, said, “Dogecoin has a solid base of supporters and a market capitalization of $21 billion,” adding, “(The Dogecoin ETF) is an attractive product for young, wealthy investors who invest across various sectors and use traditional brokers.”