The conversation that surrounds Dogecoin may be changing gradually, and Recent market developments Suggest that Memes currency could be prepared to reach new historical maximums. The most recent development implies that NASDAQ presents a 19B-4 form to the United States Stock Exchange and Securities Commission (SEC), seeking the approval of the list and the exchange of shares of 21Shares Dogecoin ETF. This follows the previous S-1 registration of 21Shares presented on April 10, whose objective is to offer investors regulated access to Doge.
Dogecoin ETFs could soon get to Wall Street
On Tuesday, Nasdaq sent a 19B-4 Form to the United States Stock Exchange and Securities Commission (SEC), formally seeking approval to enumerate and change the 21Shares Dogecoin ETF. This presentation is based on the previous S-1 registry of 21Shares, which not only established the proposed ETF structure, but also revealed an “exclusive” Association with Doge’s house.
Although the ETF cannot be launched without the final approval of the SEC, the 19B-4 presentation of Nasdaq marks a critical milestone in the regulatory process. It represents the second and last formal step required to propose an ETF of spot cryptocurrencies for review. Once the SEC recognizes the presentation, it will be published in the Federal Registry, and the official revision period will begin, during which the agency will consider, reject or delay the decision.
This ETF, if the green light is given, would allow institutional investors to obtain exposure to doge through a regulated financial product, thus opening the memes currency to large capital flows.
Dux to $ 10: This may not be so far -fetched already
For Dogecoin to reach $ 10, he would require a massive expansion in its market capitalization, a result that once completely seemed out of reach. Dogecoin has been subject to several technical analysis of price manifestations, with objectives even greater than $ 10. Now, a growing impulse around a Dogecoin Spot ETF and growing institutional interest provide strong support.
One of the strongest indicators that such a jump is not impossible lies in the precedent established by Bitcoin. When Bitcoin Spot ETFs were finally approved in early 2024, they triggered an increase in capital and retail investors capitalist. Dogecoin, the King of Memes coins, is now positioned to follow a similar route. Although $ 10 may not happen overnight, the way to this goal is to be clearer with developments such as this presentation of Etf Nasdaq.
Currently, the SEC is reviewing multiple presentations List related Spot Dogecoin ETFS, with funds such as Bit a bit also waiting for approval. In total, there are about 70 applications for cryptographic ETFs that are currently reviewing the SEC. According to Bloomberg analysts, there are 75% possibility of approval of a Doge ETF in 2025.
At the time of writing, Dogecoin is quoted at $ 0.174.
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