SEC delayed its decision on Bitwise’s Dogecoin ETF application, extending the review period; the first retail-access Dogecoin product, Rex-Osprey’s DOJE, is set to launch Sept. 11 and will provide indirect DOGE exposure via a Cayman Island subsidiary.
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First Dogecoin ETF
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Dogecoin’s resilience
Dogecoin ETF: SEC delays Bitwise decision; Rex-Osprey DOJE launches Sept. 11 with indirect DOGE exposure—latest on price, market cap, and institutional adoption. Read now.
What is the status of the Dogecoin ETF filings?
Dogecoin ETF filings are in active review: the U.S. Securities and Exchange Commission (SEC) has delayed a decision on Bitwise’s application, extending the standard review timeline up to the statutory limit. Other issuers, including Grayscale, have also filed separate proposals that remain under consideration.
How will Rex-Osprey DOJE differ from a direct DOGE ETF?
Rex-Osprey’s DOJE, due to launch on Sept. 11, is structured under the 1940 Act and offers exposure through a Cayman Island subsidiary rather than holding spot DOGE directly. This alternate structure avoids certain SEC approval hurdles but provides investors indirect economic exposure to DOGE.
Why did the SEC delay Bitwise’s Dogecoin ETF decision?
The SEC invoked the review extension consistent with the typical 240-day consideration window for ETF filings. The delay allows regulators to assess custody, market surveillance, and investor protection mechanisms; it does not imply rejection, only an extended evaluation phase.
First Dogecoin ETF
The industry’s first retail-focused Dogecoin product, Rex-Osprey DOGE ETF (DOJE), is scheduled to list on Sept. 11. Unlike a spot DOGE ETF, DOJE will rely on a Cayman-based vehicle that holds DOGE through subsidiary arrangements and derivatives, aiming to deliver price exposure without direct onshore custody.
Bitwise originally filed a spot-style Dogecoin ETF in January, seeking direct exposure for investors. The SEC’s delay applies to Bitwise’s filing and follows precedent where regulators use the full statutory review period to request additional information.
Dogecoin’s resilience
Despite regulatory uncertainty, Dogecoin is trading higher on the day, up approximately 0.8%, with a market capitalization near $4.25 billion. The anticipation of ETF products and institutional interest is supporting near-term price strength and liquidity improvement across DOGE markets.
Market observers note Rex-Osprey implemented a similar 1940 Act approach earlier this year for a Solana-related product, showing a precedent for alternative ETF structures. Reports about that rollout were published by independent crypto news outlets as plain-text references in market commentary.
Frequently Asked Questions
Will the SEC’s delay mean Bitwise’s Dogecoin ETF is rejected?
No. A delay typically extends the statutory review period up to 240 days and allows the SEC to request additional information; it does not automatically indicate rejection.
How will DOJE provide exposure to DOGE?
DOJE will give investors indirect exposure by investing in a Cayman Island subsidiary that holds DOGE through various instruments, rather than holding spot DOGE directly onshore.
Key Takeaways
- Regulatory pause: The SEC has delayed Bitwise’s Dogecoin ETF decision but remains within the normal review process.
- New product: Rex-Osprey DOJE launches Sept. 11 and uses a 1940 Act structure to deliver indirect DOGE exposure.
- Market impact: DOGE is trading higher modestly (about 0.8%), with a market cap near $4.25 billion as ETF anticipation supports demand.
Conclusion
The Dogecoin ETF narrative is evolving: regulatory reviews continue for spot-style filings while alternative structures like Rex-Osprey’s DOJE aim to bring DOGE exposure to retail investors on Sept. 11. Market participants should watch SEC filings, issuer disclosures, and on-chain liquidity metrics for the next developments.
