Bitwise Files for Dogecoin ETF

Bitwise officially filed an S-1 registration with the U.S. Securities and Exchange Commission on Tuesday for a spot Dogecoin exchange-traded fund, the Bitwise Dogecoin ETF.

On January 22, the crypto asset manager submitted a registration filing in Delaware for a potential DOGE ETF.

Considered the first memecoin, Dogecoin has recently taken on a new life thanks to the establishment of the Department of Government Efficiency under President Donald Trump.

> “The reality is that there are a lot of people that want to invest in Dogecoin,” Bitwise CIO Matt Hougan told Financial Times. “It’s the sixth-largest crypto asset in the world by market cap and it trades over $1bn a day.”

Osprey Funds and Rex Shares have also submitted a proposal for a Dogecoin ETF.

Last week, President Donald Trump signed an executive order to create a working group that will develop a federal regulatory framework for digital assets. He also appointed crypto-friendly Paul Atkins to lead the SEC.

Dogecoin’s price trades around $0.32 at publication time, according to The Block’s DOGE price data, with a market cap of $47 billion.