Markets, Dogecoin, DOGE, ETF, News Coinbase Custody Trust will maintain the fund’s tokens and function the official custodian for the ETF.
The Nasdaq change filed a 19b-4 kind with the Securities and Exchange Commission (SEC) on Tuesday to approve itemizing and buying and selling shares of the 21Shares Dogecoin ETF.
Asset supervisor 21Shares submitted an S-1 registration with the SEC on April 10, as reported, in partnership with the House of Doge — the Dogecoin Foundation’s company arm — to assist promote the fund.
The ETF goals to trace the efficiency of dogecoin, as measured by the CF DOGE-Dollar US Settlement Price Index, adjusted for the Trust’s bills and different liabilities.
It is a passive funding car that can maintain DOGE straight. The Trust won’t make the most of leverage, derivatives, or any comparable preparations to satisfy its funding goal, the submitting talked about.
Coinbase Custody Trust will maintain the fund’s tokens and function the official custodian for the ETF.
The submitting comes because the SEC postponed its resolution on Bitwise’s spot DOGE ETF software, extending the overview interval till June 15.
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