# 2025-15736: SEC Scrutinizes Dogecoin ETF: Meme Money Goes Legit?

2025-15736, Self-Regulatory Organizations; Nasdaq Stock Market LLC; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the 21Shares Dogecoin ETF Under Nasdaq Rule 5711(d) (Commodity Based Trust Shares), is a Federal Register notice from Securities and Exchange Commission published 2025-08-19, effective The Commission designated August 17, 2025, as the date by which it shall approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change. (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-15736
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-15736
- Title: Self-Regulatory Organizations; Nasdaq Stock Market LLC; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the 21Shares Dogecoin ETF Under Nasdaq Rule 5711(d) (Commodity Based Trust Shares)
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 40438
- Published: 2025-08-19
- Effective: The Commission designated August 17, 2025, as the date by which it shall approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change.
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

SEC Scrutinizes Dogecoin ETF: Meme Money Goes Legit?

## Summary

The SEC is deciding whether to approve Nasdaq’s plan to list and trade shares of the 21Shares Dogecoin ETF, a new way to invest in Dogecoin through the stock market. This affects investors interested in cryptocurrency ETFs and could open up fresh trading options soon. The decision will come by August 17, 2025, and could impact how easily people buy and sell Dogecoin investments.

## Effects PRIA read

- Possible New Dogecoin ETF Listing: benefit, medium. The SEC is deciding whether Nasdaq can list and trade shares of the 21Shares Dogecoin ETF, which would give investors a way to buy Dogecoin exposure through the stock market. The Commission will approve, disapprove, or institute further proceedings by August 17, 2025.
- Fund Mechanics: Custody, Valuation, Redemptions: mixed, low. The proposed 21Shares Dogecoin ETF would hold Dogecoin, be custodied by Coinbase Custody Trust Company, LLC, value its shares daily at 4:00 p.m. ET using the CF DOGE-Dollar US Settlement Price Index, and sell or redeem shares in cash with authorized participants in blocks of 10,000 shares.

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## Sources
- [2025-15736 on federalregister.gov](https://www.federalregister.gov/documents/2025/08/19/2025-15736/self-regulatory-organizations-nasdaq-stock-market-llc-order-instituting-proceedings-to-determine)
- [2025-15736 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-08-19/pdf/2025-15736.pdf)

## Related
- [Previous: 2025-15735, Self-Regulatory Organizations; Cboe C2 Exchange, Inc.; Notice of Filing and Imm…](https://policyrisk.com/federal-register/2025-15735)
- [Next: 2025-15737, Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediat…](https://policyrisk.com/federal-register/2025-15737)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-15736 (as of 2026-06-08).