The Nasdaq exchange presented on Tuesday a 19B-4 form before the Bag and Securities Commission (SEC) to approve the listing and negotiation actions of the 21Shares Dogecoin ETF.
The 21Shares Asset Manager presented an S-1 record with the SEC on April 10, as reported, in association with the Doge Chamber, the corporate arm of the Dogecoin Foundation, to help promote the fund.
The ETF aims to track Dogecoin’s yield, measured by the CF Doge-Dollar US Liquidation Index, adjusted by the expenses of the trust and other liabilities.
It is a passive investment vehicle that will keep Dogs directly. The trust will not use leverage, derivatives or similar agreements to fulfill its investment objective, mentioned.
Coinbase Custody Trust will celebrate the tokens of the background and serve as the official custodian for the ETF.
The presentation occurs when the SEC postponed its decision on the Bitwise ETF Spot Doge application, extending the review period until June 15.
