TechFlow news, April 29 — According to official information, Nasdaq Stock Market LLC has filed an application with the U.S. Securities and Exchange Commission (SEC) to list and trade the 21Shares Dogecoin ETF (exchange-traded fund) under Nasdaq Rule 5711(d). The ETF, sponsored by 21Shares US LLC, aims to track the performance of Dogecoin, using the CF DOGE-Dollar US Settlement Price Index as its benchmark. The trust will hold Dogecoin assets without employing leverage or derivatives, offering investors indirect access to the Dogecoin market through traditional brokerage accounts, thus avoiding potential risks associated with direct ownership of Dogecoin. Authorized Participants will create and redeem shares in cash only, without direct exposure to Dogecoin.
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