The Nasdaq alternate filed a 19b-4 kind with the Securities and Trade Fee (SEC) on Tuesday to approve itemizing and buying and selling shares of the 21Shares Dogecoin ETF.
Asset supervisor 21Shares submitted an S-1 registration with the SEC on April 10, as reported, in partnership with the Home of Doge — the Dogecoin Basis’s company arm — to assist promote the fund.
The ETF goals to trace the efficiency of dogecoin, as measured by the CF DOGE-Greenback US Settlement Worth Index, adjusted for the Belief’s bills and different liabilities.
It’s a passive funding car that can maintain DOGE immediately. The Belief is not going to make the most of leverage, derivatives, or any related preparations to satisfy its funding goal, the submitting talked about.
Coinbase Custody Belief will maintain the fund’s tokens and function the official custodian for the ETF.
The submitting comes because the SEC postponed its determination on Bitwise’s spot DOGE ETF software, extending the evaluation interval till June 15.
