The Nasdaq scholarship filed a 19B-4 form on Tuesday with the Securities and Exchange Commission (SEC) to approve the rating and negotiation shares of the 21Shares Dogecoin ETF.
The 21Shares asset manager submitted an S -1 recording to the SEC on April 10, as indicated, in partnership with the House of Doge – The Bras of the Dogoin Foundation – to help promote the fund.
The ETF aims to follow the performance of Dogecoin, as measured by the CF Doge-Dollar US Settlement Price index, adjusted for expenses and other liabilities of the trust.
It is a passive investment vehicle that will keep DOGE directly. The trust will not use the lever effect, the derivatives or any similar arrangement to achieve its investment objective, the file mentioned.
Coinbase Gustod Trust will hold the tokens of the fund and serve as an official guardian for the ETF.
The deposit comes as the SEC has postponed its decision to the Bitwise Spot ETF application, extending the exam period until June 15.
