Nasdaq has submitted a 19b-4 form to the SEC seeking approval to list and trade shares of the 21Shares Dogecoin ETF, signaling a potential shift in the Dogecoin market.
The ETF, if approved, would allow institutional investors to invest in Dogecoin through a regulated financial product, potentially leading to increased capital flows.
The possibility of Dogecoin reaching $10 is not far-fetched anymore due to a growing momentum around a Dogecoin ETF and rising institutional interest.
The SEC is reviewing multiple filings for the listing of Spot Dogecoin ETFs, with analysts estimating a 75% chance of approval for a DOGE ETF in 2025.