7M
...
Bitwise has officially filed with the SEC for a Dogecoin ETF that promises to enhance crypto investment accessibility. Their recent S-1 filing on January 28 highlights the intent to track the memecoin which now boasts a $47 billion market cap. Recognized for its playful origins Dogecoin continues to capture the market’s attention as the eighth-largest cryptocurrency.
Analysts are noting a trend where fund issuers like Osprey Funds and REX Shares explore the boundaries of what the SEC might permit especially with cryptocurrencies. Bloomberg’s James Seyffart pointed out the significance of this move coming shortly after a Delaware registration showing a strategic push into memecoin-based ETFs.
With Coinbase Custody slated to safeguard the assets this ETF if approved could offer investors a unique way to engage with cryptocurrencies beyond Bitcoin. This move by Bitwise could pave the way for further memecoin investment products and test the SEC’s regulatory stance on such offerings.
