Bitwise Bets on Dogecoin ETF, SEC's Response Awaited

Bitwise Files SEC Application for Revolutionary Dogecoin ETF to Track Price Movement

Bitwise has officially submitted a proposal to the U.S. Securities and Exchange Commission (SEC) for the launch of a Dogecoin exchange-traded fund (ETF), marking a significant step in the cryptocurrency investment landscape. According to its recent S-1 filing dated January 28, the Bitwise Dogecoin ETF aims to not only hold Dogecoin but also to accurately track its market price performance.

Bloomberg’s ETF analyst, James Seyffart, revealed that Bitwise had initially registered a Dogecoin trust fund application in Delaware on January 22. However, the new submission represents a more robust approach to SEC compliance, potentially paving the way for broader institutional acceptance of cryptocurrencies within regulated investment vehicles. Investors will be closely monitoring the SEC’s response to this anticipated ETF, as it could influence market dynamics for Dogecoin and the wider cryptocurrency sector.

Bitwise Files Dogecoin ETF Proposal, Cboe Files Solana ETF Applications for the Third Time

Bitwise has officially filed the S-1 form for its spot Dogecoin (DOGE) exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC) on January 28. Additionally, Cboe has refiled the 19b-4 forms to trade Solana (SOL) ETFs from VanEck, Canary, Bitwise, and 21shares.

Bloomberg ETF analyst James Seyffart stated that the market expected the move from Bitwise as they registered a DOGE trust last week. He added that this is not a potential “slam dunk” with a chance of definitely getting approval by the SEC. Yet, Seyffart stated that the regulator’s new administration could treat DOGE-related products differently.

Bitwise’s use of the 1933 Act to file for its Dogecoin product is notable, as it is the same legislation that BlackRock’s spot Bitcoin ETF, the IBIT, came under. Additionally, a 19b-4 form for Dogecoin ETF trading should be filed, which Seyffart believes will happen soon. Despite being a memecoin, DOGE is the 8th largest crypto by