Yigit Taha OZTURK 
In a significant development for the cryptocurrency market, 21Shares has officially filed a spot ETF application for Dogecoin (DOGE) with Nasdaq, according to reports from BlockBeats.
If approved, this would be the first-ever spot ETF linked to a meme-based cryptocurrency, allowing investors to gain direct exposure to DOGE through a regulated exchange-traded product — without having to buy and store the token themselves.
Why This Matters
The launch of a Dogecoin spot ETF could pave the way for more altcoin ETFs in the future. It would also offer institutional investors easier access to DOGE, potentially increasing demand and legitimacy for the cryptocurrency.
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While Bitcoin spot ETFs have already received approval from the U.S. SEC, altcoin-based ETFs remain in a gray area. This move by 21Shares might test the waters for wider crypto ETF adoption.
Approval could result in price momentum for Dogecoin and validate its role as more than just a meme-driven asset.
About 21Shares
21Shares is a leading Swiss-based digital asset investment firm, known for pioneering several crypto ETFs and ETPs in Europe and globally. The company focuses on bridging the gap between traditional finance and digital assets.
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