Nasdaq has filed for regulatory approval to list a 21Shares exchange-traded fund (ETF) holding Dogecoin, as it aims to make the popular memcoin accessible through an ETF structure. This effort follows similar filings by Bitwise and Grayscale, highlighting increased interest in altcoin ETFs.

The move marks a broader trend where more than 70 crypto ETFs, including those involving other cryptocurrencies like Solana, XRP, and Polkadot, await SEC review. SEC approval is required before these ETFs can be listed and traded.

In a related development, Nasdaq has advocated for tighter US regulatory oversight of digital assets, proposing that digital assets be held to the same standards as traditional securities to ensure robust market integrity.

Dogecoin, a widely recognized memecoin with notable market capitalization, continues to draw attention for its peer-to-peer payment network. It has also processed over 40,000 transactions recently, reinforcing its utility amidst developments like layer-2 scaling solutions for smart contracts.