Dogecoin ETF Era Begins: Bitwise Files First Meme Coin ETF Application

Dogecoin ETF Filing by Bitwise Asset Manager

Bitwise Asset Manager has confirmed the filing of a Dogecoin ETF entity in Delaware. According to an official statement, "Bitwise Dogecoin ETF" was registered on Wednesday through CSC Delaware Trust Company.

Confirmation from Bitwise

Bitwise Asset Manager CIO Matt Hougan confirmed the registration and stated, "This was from us... Bitwise Dogecoin ETF with Delaware's Department of State's Division of Corporations submitted a few hours earlier."

CoinShares' Earlier Filing

Bloomberg's Senior ETF analyst, James Seyffart, noted that crypto asset manager CoinShares had already filed a similar registration in December 2024. However, an official ETF filing has not yet been made.

Growing Interest in Dogecoin ETFs

The Dogecoin ETF market is attracting significant interest. On January 15, ETF Store President Nate Geraci commented that the absence of a Dogecoin ETF filing was surprising given its market capitalization.

Osprey and Rex Advisers' Filing

On January 21, 2025, Osprey Funds and Rex Advisers jointly filed a Dogecoin ETF application with the SEC. Their fund is expected to launch around April 2025.

Institutional Adoption and Regulatory Shift

The rush to file Dogecoin ETF applications reflects growing institutional adoption of cryptocurrencies. Analysts believe the Donald Trump administration's stance on regulation may contribute to this enthusiasm.

Conclusion

Dogecoin remains the seventh largest cryptocurrency by market capitalization, valued at over $52 billion. The potential approval of a Dogecoin ETF, coupled with increasing institutional appetite, could positively impact the price of DOGE in the future.

Frequently Asked Questions

• What is an ETF?
  An ETF is an investment vehicle that tracks the performance of a basket of assets, including cryptocurrencies.
• How do ETFs work?
  ETFs are managed by investment managers who buy and sell underlying assets based on pooled investor capital.
• How are ETF prices determined?
  ETF prices fluctuate based on market supply and demand, but they generally closely track the net asset value of their underlying assets.