Nasdaq, popular Altcoin Dogcoin (Doge) made an official application for 21shares to start the first Spot ETF in the USA. In case the SEC is approved by the application, investors will have a stock market investment fund that provides direct access to DOGE. Such a approval may be the beginning of a new era in the Altcoin market.
ETF Application for Doge was presented to SEC
Swiss -based investment company 21sharesWith Nasdaq, he aims to implement the first Spot ETF based on Dogecoin with his application to SEC. Previously for large crypto currencies such as Bitcoin and Ethereum ETFThis application following the positive developments in the ‘s can make Dogecoin more visible in the traditional financial world.
Currently, if he accepts the SUCE, which is currently in the pre -application phase, to investors if he approves Dogge priceNa one -on -one connected, easy accessible investment tool will be offered. Since ETF will work at spot prices, investors will have the opportunity to participate in the market without directing Dogecoin. Direct Dogecoin trading will be made by 21shares on behalf of investors.
This development may cause new opportunities for corporate investors, especially for corporate investors who care about risk management and do not prefer to make transactions directly on crypto currency exchanges. It is also more speculative like doge altcoinThe increasing interest in the officials will be carried to official financial products.
The door opens to the Altcoin ETFs
The representation of Dogecoin with a Spot ETF, not only for Dogge, but Altcoin market It is seen as a critical threshold for. The expansion of these financial structures, which were previously accessible to pioneering beings such as Bitcoin and Ethereum, to a humorous Altcoin, such as Doge, clearly shows the point of the market.
21shares’ this step is considered an important milestone for the fact that Altcoins become financial products. Spot Bitcoin While the entry of ETFs to the market has provided a large -scale confidence in investors, EthereumThe progress of a similar line had paved the way for the Altcoins. Now Dgecoin is expected to join this caravan.
Apart from Dogecoin, Spot ETF for many Altcoin, such as Solana, XRP, Polkadot, is waiting for SEC’s approval.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
