SEC Delays Decision on Bitwise Dogecoin ETF Until November 2025
- The SEC has postponed its decision on the Bitwise Dogecoin ETF, now due by November 12, 2025.
- The proposal was initially filed by NYSE Arca in March and underwent a formal review process starting in June.
- Public comments raised concerns about market manipulation and liquidity regarding Dogecoin as an exchange-traded product.
- Despite the delay, Dogecoin’s value has remained stable at around $0.2407, with a weekly gain of over 14%.
- If approved, this would be the first endorsement of a meme-based cryptocurrency fund in the U.S.
The SEC’s extension allows for further examination of public feedback and the proposal itself amidst ongoing debates about investor safety and regulatory standards for crypto ETFs.
Currently trading at approximately $0.2407, Dogecoin has experienced significant growth over the past year, rising by over 150%. (Source)
