Nasdaq has submitted a regulatory request to the SEC for permission to list a new exchange-traded fund (ETF) from 21Shares that will hold Dogecoin. This application follows 21Shares' earlier proposal on April 10, amid a surge of over 70 crypto ETF applications currently under SEC review, including those from Bitwise and Grayscale. The approval process is crucial as it could expand Dogecoin's accessibility to investors via ETF structures. Nasdaq is also advocating for the SEC to establish regulatory standards for digital assets akin to those of securities. Additionally, there is a rising interest in listing ETFs for other cryptocurrencies such as Solana, XRP, and Polkadot. Dogecoin, known for its memecoin status, has a market cap of approximately $26 billion and is noted for its efficient blockchain capabilities, aiming to facilitate quicker and cheaper peer-to-peer payments.

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