Bitwise Submits Amended Filing for Dogecoin ETF to SEC

Coin WorldThursday, Jun 26, 2025 11:34 am ET
1min read

Bitwise Asset Management has taken a significant step forward in its efforts to gain regulatory approval for a Dogecoin exchange-traded fund (ETF). On October 13, 2023, the company submitted an amended filing to the U.S. Securities and Exchange Commission (SEC), which includes updates to the fund's prospectus and other relevant documents. This move indicates Bitwise's progress in addressing the SEC's concerns and working towards bringing a Dogecoin ETF to market.

The amended filing comes at a time when the SEC has been closely examining cryptocurrency-related investment products. The regulatory body has been cautious in approving ETFs tied to cryptocurrencies due to concerns over market manipulation and investor protection. Bitwise's submission demonstrates the company's dedication to tackling these issues and collaborating with regulators to introduce a Dogecoin ETF.

If approved, Bitwise's Dogecoin ETF would track the price of Dogecoin, providing investors with exposure to the cryptocurrency without the need to directly purchase and store it. This could make Dogecoin more accessible to a broader range of investors, including those who may be reluctant to enter the cryptocurrency market due to its volatility and complexity. Furthermore, a Dogecoin ETF could offer investors a more regulated and transparent way to invest in the cryptocurrency, as ETFs are subject to strict regulatory oversight and reporting requirements.

The amended filing also includes updates to the fund's investment strategy and risk management practices. Bitwise has outlined that the ETF will employ a passive investment strategy, aiming to replicate the performance of the Dogecoin index. The fund will also implement risk management practices to minimize potential losses and safeguard investors' capital. These updates underscore Bitwise's commitment to creating a well-managed and transparent investment product that caters to investors' needs.

The submission of the amended filing is a positive development for the cryptocurrency industry, as it indicates progress in the regulatory approval process for cryptocurrency-related investment products. However, it is crucial to note that the SEC has not yet made a decision on Bitwise's Dogecoin ETF, and the approval process could still take several months. Investors should exercise caution and conduct thorough research before making any investment decisions.

In summary, Bitwise's submission of an amended filing for a Dogecoin ETF with the SEC is a notable development in the cryptocurrency industry. The amended filing showcases Bitwise's commitment to addressing regulatory concerns and creating a well-managed investment product. While the approval process is still underway, this development is a positive indicator for the future of cryptocurrency-related investment products.