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This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Nasdaq has filed with the SEC to list a Dogecoin ETF by 21Shares, joining Grayscale and Bitwise in the race for meme coin investment products. The SEC has already begun reviewing Grayscale’s application, signaling potential approval this year.
- Three major firms—21Shares, Grayscale, and Bitwise—are competing to launch the first Dogecoin ETF, with Nasdaq leading 21Shares' SEC filing.
- The SEC has a 240-day review timeline for Grayscale's application, while Rex Shares' alternative Dogecoin ETF proposal could be faster under the 40 Act.
- Dogecoin's market cap of $76.3B and recent 6.3% price rise highlight growing institutional interest in the meme coin.
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