21Shares US LLC Files for Spot Dogecoin ETF on Nasdaq, Joins Queue of 73 Crypto ETFs

21Shares US LLC has filed an application with Nasdaq to list a spot Dogecoin ETF, aiming to provide U.S. investors with direct exposure to the cryptocurrency. The proposed fund, sponsored by 21Shares, would be backed by actual Dogecoin and utilize Coinbase Custody for its operations. The filing comes as part of a broader trend, with 21Shares joining a queue of 73 crypto ETFs currently awaiting approval. The ETF is designed to track the performance of Dogecoin, as per the application submitted to the U.S. Securities and Exchange Commission under Nasdaq Rule 5711(d). To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io