Bitwise Dogecoin ETF Awaits SEC Verdict After NYSE Arca Filing

The New York Stock Exchange (NYSE) has filed a proposed rule change with the U.S. Securities and Exchange Commission (SEC) to list and trade shares of Bitwise Asset Management's Dogecoin ETF (exchange-traded fund). This 19b-4 filing, submitted on March 3rd, seeks approval for NYSE Arca to list the DOGE-based fund, providing both retail and institutional investors with direct exposure to Dogecoin.

Bitwise's Dogecoin ETF Could Be a First for US Meme Coin Investment Funds

This NYSE Arca filing follows Bitwise's submission of an S-1 registration form for the fund to the SEC in late January.

JUST IN: Bitwise has filed for a spot Dogecoin $DOGE ETF.
63% chance it's approved this year. pic.twitter.com/xSv1n5MR1q
— Polymarket (@Polymarket) March 3, 2025

The filing designates Coinbase as the custodian for the proposed ETF, with Bank of New York Mellon handling cash custody, administration, and transfer agency functions. Approval would make Bitwise's Dogecoin ETF one of the first meme coin-focused investment funds in the U.S.

SEC Decision Timeline for a Dogecoin ETF Begins

NYSE Arca's filing follows the SEC's February 13th acknowledgment of Grayscale's filings for its Dogecoin Trust. This acknowledgment initiates the SEC's review process, with a potential decision deadline around mid-October.

Dogecoin's price showed little immediate reaction to the NYSE Arca filing. However, a broader crypto market correction resulted in Dogecoin experiencing a more than 12% drop in the past 24 hours, reaching $0.1921 as of 2:07 a.m. EST. This decline pushed its weekly performance over 7% into negative territory, according to CoinMarketCap.