Bitwise Files for First Physically Backed Dogecoin ETF
- Bitwise filed a Dogecoin ETF with the SEC, marking the first under the ’33 Act.
- The ETF aims to provide secure, physically backed exposure to DOGE.
- It includes measures to address price volatility and liquidity risks.
- Dogecoin’s price remained stable at $0.32 following the filing.
- Analysts noted market caution as a reason for the muted response.
Bitwise’s filing for a physically backed Dogecoin ETF under the ’33 Act aims to legitimize DOGE as an institutional-grade asset, although its market impact has been minimal so far.
Source (2.6)https://cryptobriefing.com/bitwise-dogecoin-etf/?rand=59535
