Bitwise Files for Dogecoin ETF as Crypto Adoption Gains Momentum

Crypto Asset Manager Bitwise Files for Dogecoin ETF

Crypto asset manager Bitwise has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch a Dogecoin ETF. This move reflects the growing acceptance of cryptocurrency among policymakers in the country.

The filing represents the culmination of Bitwise's efforts to introduce a Dogecoin ETF, following the legal groundwork laid last week. If approved, the fund would provide investors with exposure to the price movements of Dogecoin, the eighth-largest cryptocurrency by market capitalization.

Currently trading at $0.33, Dogecoin reached a three-year high of $0.475 in November 2022. The asset's surge coincided with increased promotion by Elon Musk.

Exchange-Traded Funds (ETFs) allow investors to gain exposure to assets without directly investing in them. The approval of Bitcoin and Ethereum-based ETFs in 2024 sparked a surge in institutional investment in digital assets.

According to a CoinShares report, digital asset-based funds attracted over $4 billion in investments in 2025. With new leadership at the SEC, there is speculation that other crypto-based funds may receive approval soon.

Bitwise's filing for a Dogecoin ETF follows its registration of a statutory trust for the fund through CSC Delaware Trust Company. This provides the legal framework for the application.

The potential Dogecoin fund would complement Bitwise's existing offerings, including the Bitwise Bitcoin ETF and Bitwise Ethereum ETF. The asset manager has also filed for Solana and XRP-based ETFs to expand its digital asset investment products. Other issuers have followed Bitwise's example, applying to launch funds holding cryptocurrencies like Official Trump, Bonk, and HBAR.

The SEC typically has 45 days from the filing date to make an initial decision on ETF applications, with the option to extend its review multiple times. The final decision deadline is usually set within 240 days of the initial filing.