Bitwise Advances Spot Dogecoin ETF Application with Key Details
- Bitwise submitted a fourth amendment to its spot Dogecoin ETF application, revealing the ticker symbol BWOW.
- The management fee for the ETF is set at 0.34%, with a one-month fee waiver for the first $500 million in total DOGE holdings.
- The U.S. SEC’s final decision on the ETF is due by November 12, with trading expected to start later this month if approved.
- DOGE price increased by nearly 1.30% today, currently trading at $0.166, following the ETF news.
- Total DOGE futures open interest rose by approximately 2.30% to $1.40 billion in recent hours.
Bitwise aims to provide exposure to Dogecoin through its ETF, tracking spot DOGE prices from the CF Dogecoin-Dollar US Settlement Price Index, while Coinbase Custody will safeguard DOGE holdings.
With a management fee of only $200 for initial shares and an anticipated launch by November-end, Bitwise’s spot Dogecoin ETF could significantly impact DOGE trading dynamics as it prepares for potential approval next week.
