Bitwise filed a formal application with the SEC for DOGE ETF
Bitwise has filed an application with the U.S. Securities and Exchange Commission for the listing of an exchange-traded fund (ETF) that will track the price of the popular cryptocurrency Dogecoin.According to the company’s announcement on January 28, the proposed Bitwise Dogecoin ETF will hold Dogecoin and closely monitor the price dynamics of this memecoin. The application was submitted using the S-1 form to the SEC.Recently, the number of cryptocurrency ETFs in the U.S. has been increasing. Among the issuers launching funds to track or speculate on tokens, including DOGE and the memecoin Official Trump (TRUMP), associated with Donald Trump, are Osprey Funds, REX Shares, and Tuttle Capital. Some of these funds also use leverage.To initiate the review process and potential approval of the memecoin fund, Bitwise must submit an additional application using form 19b-4. Dogecoin was launched in 2015, and its market capitalization currently stands at $47 billion, making it the eighth-largest cryptocurrency in the world.Coinbase Custody has been selected by Bitwise as the proposed custodian of the spot-based Dogecoin ETF. This service is widely used by issuers dealing with cryptocurrency ETFs.The Bitwise application does not specify the proposed fee, the fund’s ticker, or the exchange on which it will be listed if approved.We remind you that a variety of exchange pairs with DOGE and TRUMP are available. You can quickly and securely purchase these assets on Appbit and stay on-trend with other traders.
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