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An ETF on DOGE Coin is almost a reality: Bitwise's request
By Daniele Corno
For Bitwise, the application is now official: filed S-1 registration with the SEC for a spot ETF on DOGE Coin
DOGE Coin ETF? For Bitwise soon a reality
In the wake of regulatory change in the United States, the Bitwise fund is filing an application for a spot ETF on Doge Coin.
NEW: @BitwiseInvest officially files an S-1 for the Bitwise Dogecoin ETF. pic.twitter.com/GT9JjU67CY
— James Seyffart (@JSeyff) January 28, 2025
The application, filed with the Security and Exchange Commission (SEC) via S-1 registration, requests approval for an ETF on the largest Meme Coin on the market. This step, follows an application filed in Delaware by Bitwise for a Trust on Doge, preparatory to the launch of a subsequent spot ETF.
Bitwise, however, is not the only one to submit requests for similar products. In fact, in the previous week, Osprey Funds and Rex Shares also submitted applications for several ETFs. These include not only assets such as BTC, ETH and SOL, but also products on meme coins such as Trump, Bonk and DOGE.
From D.O.G.E. to DOGE, a $50 billion meme
During the previous cycle in support of Meme Coin number 1 was Elon Musk who, with several tweets and somewhat ironic support, had enabled a rally of 10,000%. In fact, in early 2021, the price of Doge skyrocketed to highs above $0.70, reaching a value close to $100 billion.
Almost as if it were a coincidence, Trump ‘s establishment of the Department of Government Efficiency (D.O.G.E.) with Elon Musk at the helm, gave a new light to the largest Meme Coin on the market.
To date DOGE, despite being dominated by speculation, is a crypto-asset with $50 billion in capitalization and daily volumes close to $1 billion.
In fact, as Matt Hougan, CIO of Bitwise states, “The reality is that there are a lot of people who want to invest in dogecoin.”
