21Shares submits DOGE ETF application to Nasdaq

ChainCatcher news, according to market news, 21Shares has submitted a DOGE ETF application to Nasdaq.

According to documents submitted by Nasdaq to the SEC, Nasdaq plans to list the 21Shares Dogecoin ETF under rule 5711(d). The trust is managed by 21Shares US LLC, with Coinbase Custody holding the Dogecoin assets, tracking the DOGE-USD reference rate index published by CF Benchmarks. The ETF will only allow cash creation and redemption, with each basket unit consisting of 10,000 shares. The trust does not use leverage or derivatives, nor does it engage in staking or yield generation.