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Bitwise Dogecoin ETF S-1 Application Filed With SEC

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Bitwise Dogecoin ETF S-1 Application Filed With SEC

Key Points:

  • Bitwise has filed an S-1 with the SEC to launch Bitwise Dogecoin ETF, aiming to track the memecoin’s price movements.
  • Despite the divisive reputation of meme coins, potential regulatory ease under the new administration has raised confidence in the ETF’s approval prospects.

Bitwise has filed with the U.S. Securities and Exchange Commission (SEC) to list an exchange-traded fund (ETF) directly tied to the price of Dogecoin, a prominent memecoin.

Read more: Grayscale Solana ETF Was Filed 19b-4 Application to SEC

Bitwise Dogecoin ETF Proposed with SEC

The company’s Jan. 28 S-1 filing outlines plans for the Bitwise Dogecoin ETF, which would hold Dogecoin and aim to mirror its price movements.

The S-1 filing is a key step for companies intending to issue securities on public exchanges. Bloomberg ETF analyst James Seyffart highlighted that Bitwise also registered a Dogecoin trust in Delaware on Jan. 22.

Optimism Grows for Dogecoin ETF Approval

Bitwise, already known for its crypto-focused ETFs, also has pending applications for other digital asset products, including an XRP ETF. While the S-1 filing marks the initial phase of launching an ETF, a subsequent 19b-4 filing is required to propose a rule change at the listing exchange, tying the SEC to a formal review timeline.

The Bitwise Dogecoin ETF generated mixed reactions, given the controversial nature of meme coins. However, recent developments, such as the establishment of the U.S. Department of Government Efficiency (D.O.G.E.), which incorporates Dogecoin’s branding, have bolstered optimism for regulatory approval. Additionally, the new presidential administration may face fewer obstacles in advancing Dogecoin-related ETFs.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold

29 January 2025, 02:43:00 GMT +0000

With a passion for untangling the complexities of the financial world, I’ve spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. “The financial markets are a fascinating puzzle,” I often say, “and I love helping people make sense of them.” That’s what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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