5D
...
Bitwise may be just weeks away from launching the first spot Dogecoin exchange-traded fund (ETF), after a recent regulatory update fast-tracked its approval process. The firm used a filing method under Section 8(a) of the Securities Act that automatically takes effect in 20 days unless the SEC intervenes, potentially setting the ETF’s effective date around November 26.
Unlike most ETF approvals requiring direct SEC sign-off, this move means the spot Dogecoin ETF could proceed without formal authorization if no action is taken. Bloomberg analyst Eric Balchunas highlighted the change, calling it a strategic step that signals Bitwise’s confidence in the SEC’s current stance on crypto products.
The proposed ETF would hold real Dogecoin (DOGE) in custody with Coinbase Custody, while BNY Mellon manages cash assets. Expected to list on NYSE Arca, the fund will track DOGE’s spot price, further cementing Dogecoin’s move from meme coin to mainstream investment asset amid rising optimism for crypto ETFs.
