Key Takeaways:
- Bitwise Files for Dogecoin ETF – Bitwise has officially submitted an S-1 filing with the SEC to launch a spot Dogecoin ETF, aiming to track DOGE’s price.
- SEC Approval Process – The ETF’s approval depends on an additional 19b-4 filing, with Coinbase Custody named as the proposed custodian.
- Bitwise’s Expanding Crypto ETF Lineup – The firm is broadening its ETF offerings, recently filing for Solana and XRP ETFs and a crypto index fund.
Bitwise has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch a spot Dogecoin exchange-traded fund (ETF).
The filing, submitted on January 28, aims to create an ETF that directly holds Dogecoin (DOGE) and tracks its price movements.
Bitwise Dogecoin ETF officially filed pic.twitter.com/OvJqDIyAOP
— Eric Balchunas (@EricBalchunas) January 28, 2025
Bloomberg ETF analyst James Seyffart noted that while Bitwise had previously registered a Dogecoin trust in Delaware on January 22, this latest filing makes the move official with the SEC.
For the approval process to advance, Bitwise must submit a 19b-4 filing alongside the S-1, which will determine whether the SEC approves or rejects the ETF.
Dogecoin, originally created as a meme cryptocurrency in 2015, has grown into a major asset with a $47 billion market capitalization, ranking as the eighth-largest cryptocurrency.
Coinbase Custody is listed as the proposed custodian for the fund, though details such as the ETF’s fee, ticker symbol, and stock exchange remain undisclosed.
This filing is part of Bitwise’s broader expansion in the crypto ETF market.
The firm already offers spot Bitcoin and Ethereum ETFs and has recently applied for spot Solana (SOL) and XRP ETFs.
Additionally, Bitwise is seeking to list its Bitwise 10 Crypto Index Fund, which tracks the ten largest cryptocurrencies, on NYSE Arca.
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