Crypto asset supervisor Bitwise has utilized to launch a Dogecoin exchange-traded fund amid additional indicators U.S. policymakers are warming to crypto.
The applying, filed with federal regulators on Tuesday, marks the issuer’s newest step towards rolling out a Dogecoin ETF, which it laid the authorized groundwork for final week.
The fund, if permitted, would expose buyers to the value actions of the eighth-largest crypto by market capitalization.
Dogecoin is buying and selling at $0.32 at writing time, CoinGecko information reveals. The asset touched a three-year-high value of $0.475 final November—roughly across the time Elon Musk ramped up his tweeting about launching his eponymous extra-governmental company, D.O.G.E.
Trade-traded funds are funding autos that allow buyers to achieve publicity to property with out instantly investing in them.
Federal regulators within the U.S. permitted Bitcoin and Ethereum-based ETFs within the first half of 2024, resulting in a rush of institutional {dollars} into digital property.
Such digital asset-based funds have to this point attracted greater than $4 billion in investments in 2025, in keeping with a Coin Shares report launched Monday.
And now, as a new crop of regulators takes the helm on the Securities Trade Fee beneath President Donald Trump, some speculate approvals for different crypto-based funds will quickly observe.
Bitwise’s software to supply the Dogecoin ETF with the SEC comes simply days after the agency registered a statutory belief for the fund. That belief, registered final week by way of CSC Delaware Belief Firm in Wilmington, laid the authorized groundwork for the asset supervisor to file for its ETF.
The meme coin-based fund would add to the issuers’ two present choices that commerce on U.S. inventory exchanges—The Bitwise Bitcoin ETF and Bitwise Ethereum ETF.
In the meantime, the asset supervisor additionally filed for Solana and XRP-based ETFs late final yr in a bid to increase its digital asset-based funding choices. Different issuers have adopted Bitwise’s lead, making use of to roll out funds within the U.S. that will maintain cryptocurrencies as huge and assorted as Official Trump, Bonk, and HBAR.
The SEC usually has 45 days from the submitting date to make an preliminary choice to approve, deny, or prolong its evaluate of ETF functions. This timeframe could be prolonged a number of instances, with the ultimate deadline for a choice often set inside 240 days of the preliminary submitting.
Edited by Sebastian Sinclair
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