Crypto ETF: Bitwise Targets Dogecoin

Bitwise Prepares for Potential Dogecoin ETF Launch

• Bitwise Asset Management registered a Delaware statutory trust on Jan. 22, a step towards launching a Dogecoin-focused ETF.
• Bloomberg analysts view this as an early-stage effort to introduce a Dogecoin ETF.
• Dogecoin has a market capitalization exceeding $50 billion.
• Polymarket data suggests a 48% chance of SEC approval for a Dogecoin ETF this year.
• The SEC currently reviews 33 crypto ETFs, with expectations of more filings soon.

Bitwise’s registration marks an early move towards potentially launching its first Dogecoin-focused ETF, amid growing interest in crypto-related ETFs and significant market capitalization for Dogecoin.