Bitwise Submits Registration Filing For Dogecoin ETF

Bitwise Plans Dogecoin Exchange-Traded Fund

Crypto index fund manager Bitwise has filed a registration for a potential Dogecoin exchange-traded fund (ETF), signaling growing interest in crypto ETFs.

Crypto-Friendly Regulatory Environment

The Trump administration's support for cryptocurrencies and positive regulatory shifts have prompted a surge in ETF applications, with analysts anticipating more submissions and approvals.

Bitwise's Dogecoin ETF

Bitwise submitted its registration to Delaware's Division of Corporations on January 23rd. The news led Dogecoin to briefly surge to $0.373 before settling at $0.36.

Timing Amidst Regulatory Changes

The filing comes at a time of significant regulatory developments for crypto in the US. President Trump has pledged clarity and a crypto-supportive stance, while Mark Uyeda's appointment as interim SEC Chair demonstrates the administration's commitment.

Meme Coin Evolution

Dogecoin, the first meme coin created in 2013, has gained attention recently following Elon Musk's establishment of the Department of Government Efficiency (DOGE).

Industry Speculation

ETF Store President Nate Gercai believes a Dogecoin ETF was inevitable. Similarly, Bloomberg Senior ETF analyst Eric Balchunas has predicted that someone would attempt to file for one.

Positive Outlook for Crypto ETFs

The crypto industry has witnessed positive developments since the Trump administration took office. Osprey Funds and Rex Shares have also submitted ETF proposals, including for DOGE. Additionally, the SEC's Hester Pierce will lead a crypto task force, which could expedite the approval process.

Disclaimer: This article is for informational purposes only and does not provide financial or legal advice.