Bitwise files S-1 registration with the SEC for a Dogecoin ETF

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The Block2025/01/27 16:00

By:The Block

Quick Take The crypto fund manager previously submitted a registration filing in Delaware for a potential Dogecoin exchange-traded fund.

Bitwise files S-1 registration with the SEC for a Dogecoin ETF image 0

Bitwise officially filed an S-1 registration with the U.S. Securities and Exchange Commission on Tuesday for a spot Dogecoin exchange-traded fund, the Bitwise Dogecoin ETF.

The crypto asset manager on Jan. 22 submitted a registration filing in Delaware for a potential DOGE ETF.

Considered the first memecoin, dogecoin has recently taken on a new life thanks to the establishment of the Department of Government Efficiency under President Donald Trump.

“The reality is that there are a lot of people that want to invest in dogecoin," Bitwsie CIO Matt Hougan told Financial Times . "It’s the sixth-largest crypto asset in the world by market cap and it trades over $1bn a day."

Osprey Funds and Rex Shares have also submitted a proposal for a Dogecoin ETF.

Last week, President Donald Trump signed an executive order to create a working group that will work on developing a federal regulatory framework for digital assets. He also tapped crypto-friendly Paul Atkins to lead the SEC.

The price of doge trades around $0.32 at publication time, according to The Block's DOGE price data . It has a market cap of $47 billion.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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