YEREVAN (CoinChapter.com) — Bitwise Asset Management has submitted an application for a Dogecoin ETF using a Delaware trust filing. This registration is an initial step toward establishing the ETF but will require a formal submission to the U.S. Securities and Exchange Commission (SEC) for approval.
The trust registration is a procedural move that signals potential expansion in the cryptocurrency ETF space.
James Seyffart Clarifies Status of Bitwise Dogecoin ETF Filing
Bloomberg analyst James Seyffart has clarified that the Bitwise Dogecoin ETF filing is currently just a registration for a trust in Delaware. He emphasized that this step does not represent an official ETF filing with the U.S. Securities and Exchange Commission (SEC) yet. Approval from the SEC is still required before the ETF can be formally launched.
Meme Coin ETFs Experience a Wave of Filings
The number of ETF filings has increased significantly since Gary Gensler stepped down as SEC Chair last Friday. Meme coin ETFs have gained notable attention alongside more traditional crypto assets like Bitcoin and Ethereum.
Rex Shares, another firm involved in the ETF space, has submitted filings for ETFs that include Dogecoin (DOGE), BONK, and TRUMP.
Earlier today, BONK saw a price increase driven by heightened investor activity following Rex Shares’ ETF announcement.
Matt Hougan, Chief Investment Officer at Bitwise, stated in September 2024 that the firm was exploring opportunities to expand ETF offerings into Solana and meme coins. His statement pointed to Bitwise’s focus on diversifying its cryptocurrency market presence.
Rising Institutional Interest in Meme Coins and Global Expansion Plans
Litecoin ETF Applications Suggest Broader Crypto Momentum
In addition to meme coins, altcoins like Litecoin are also moving closer to ETF approval. Nasdaq recently filed Form 19b-4 to list Canary Capital’s proposed Litecoin ETF. This filing follows amendments to Canary’s S-1 submission and reflects ongoing discussions with the SEC.
