Nasdaq seeks approval to list ethf dogcoin of 21Shares

By Hannah Pérez

Nasdaq presented a 19B-4 form on behalf of 21Shares relative to its proposal proposal to cash. The SEC has dozens of proposals on the table waiting for a verdict this year.

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• The application of a Dogecoin ETF in cash advances on the SEC desktop.
• Nasdaq presented a 19B-4 form on behalf of 21Shares.
• More than 70 ETF Altcoins requests are waiting for a verdict this year.

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The race for the funds quoted in the bag (ETF) of cryptocurrencies in cash does not stop.

The Nasdaq Stock Exchange has just presented a new document before the United States Securities Regulators seeking the approval of an ETF in cash of Dogecoin (Doge).

In particular, the company introduced a 19B-4 form before the stock and values ​​commission (SEC) requesting the list and negotiation of ETF actions Dogecoin proposed by the administrator 21shraresa new investment product that would track the Doge price by providing investors direct exposure to the highest Memecoin of the world.

21shrareswhich already manages other ETFs of Bitcoin and Ethereum In the US market, he originally submitted a S-1 record for its proposal from the Fund of Dogecoin At the beginning of the month, joining the administrators Grayscale and Bitwise in the search for regulatory approval for an investment vehicle based on the cryptocurrency of canine theme.

Both forms —19b-4 and S-1— They are key in the approval process of a cryptocurrency ETF before the SEC. Together they make up a two -step process necessary for the official launch of such a background in the stock exchanges.

Dogecoin in the Cryptocurrency ETF race

Development occurs at a time when investment fund administrators in the United States compete to offer investors a wide range of ETFs based on cryptocurrencies. A burst of applications have reached the desk of the Stock Exchange Commission (SEC) for approval, but there is still an official verdict of the regulator.

The main fund managers, including Wisdomtree, Bitwise, 21Shares, Canary Capital and Franklin TempletonThey have presented proposals to bring to the ETF market linked to XRP of Ripple, Solarium (SUN), Litecoin (LTC), Cardano (ADA) and other Altcoins.

The SEC, which approved the first ETF in cash Bitcoin and Ether Last year, the applications of some funds have previously recognized, including XRP, and defining decisions are expected in the coming months.

The analysts of Bloomberg They say that the SEC has more than 70 applications on their desk, and have previously estimated that the ETFs of Litecoin They have the most probability of approval this year, followed by those of Dogecoin, Solana and XRP.

Doge, with a market capitalization of USD $ 26.5 billion, is the Memecoin older and older in the world. Its price is USD $ 0.1793 at the time of writing these lines, a variation just in 24 hours and an increase of 4.3% in the week.

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Hannah Estefanía Pérez / Diariobitcoin

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