Bitwise Files SEC Application for Revolutionary Dogecoin ETF to Track Price Movement

Bitwise has officially submitted a proposal to the U.S. Securities and Exchange Commission (SEC) for the launch of a Dogecoin exchange-traded fund (ETF), marking a significant step in the cryptocurrency investment landscape. According to its recent S-1 filing dated January 28, the Bitwise Dogecoin ETF aims to not only hold Dogecoin but also to accurately track its market price performance.

Bloomberg’s ETF analyst, James Seyffart, revealed that Bitwise had initially registered a Dogecoin trust fund application in Delaware on January 22. However, the new submission represents a more robust approach to SEC compliance, potentially paving the way for broader institutional acceptance of cryptocurrencies within regulated investment vehicles. Investors will be closely monitoring the SEC’s response to this anticipated ETF, as it could influence market dynamics for Dogecoin and the wider cryptocurrency sector.