Bitwise Asset Management's proposed Dogecoin exchange-traded fund (ETF) is nearing launch. NYSE Arca has filed a 19b-4 proposal to list and trade its shares, as detailed in a March 3 filing. This rule change would allow the exchange to offer the Bitwise Dogecoin ETF, providing investors with direct exposure to Dogecoin on the NYSE Arca exchange.
Bitwise Asset Management拟议的Dogecoin交换基金(ETF)即将发布。 纽约证券交易所ARCA已提交了19b-4提案,以列出和交易其股份,如3月3日的文件中所述。 此规则的更改将使交易所提供dogecoin ETF,从而为投资者在NYSE ARCA Exchange上直接接触Dogecoin。
The ETF, structured as a Delaware statutory trust, will be managed under a trust agreement with Bitwise as the sponsor. Its objective is to track Dogecoin's price, covering operational costs with net asset value calculations based on a CF Benchmarks Ltd. pricing benchmark. The ETF will hold Dogecoin directly, maintaining minimal cash reserves, and all fees, including Bitwise's management fee, will be paid in Dogecoin. The trust agreement disclaims any unintended acquisition of other digital assets, such as through forks or airdrops.
ETF构成特拉华州法定信任,将根据信任协议作为赞助商进行信任协议。 它的目标是跟踪Dogecoin的价格,涵盖基于CF Benchmarks Ltd.定价基准的净资产价值计算的运营成本。 ETF将直接持有Dogecoin,保持最少的现金储备,所有费用,包括位的管理费,都将在Dogecoin中支付。 该信托协议违反了对其他数字资产的任何意外收购,例如通过叉或空投。
Investors will participate through cash creations and redemptions; direct Dogecoin contributions and withdrawals will not be permitted. Coinbase will serve as the Dogecoin custodian, while Bank of New York Mellon will handle cash custody, administration, and transfer agency functions.
投资者将通过现金创造和兑换参与;不允许进行直接的Dogecoin捐款和提款。 Coinbase将担任Dogecoin托管人,而纽约银行将处理现金监护,管理和转让代理机构职能。
Bitwise initially filed for the ETF's registration in late January, followed by an S-1 registration with the SEC on January 28. Other firms, including Rex Shares, Osprey Funds, and Grayscale, are also pursuing Dogecoin ETFs. Grayscale's application received SEC acknowledgement on February 13.
最初于1月下旬申请ETF注册的Bitwise,随后于1月28日在SEC进行了S-1注册。 Grayscale的申请于2月13日收到了SEC确认。
Bitwise also filed an S-1 for an Aptos ETF on February 27 with the Delaware Department of State. Approval could make Bitwise the first U.S. firm to launch an APT-based ETF.
Bitwise还于2月27日向特拉华州国务院提交了APTOS ETF的S-1。 批准可以使Bitwise成为第一家推出基于APT的ETF的美国公司。