Bitwise Dogecoin ETF Could Launch in November
- Bitwise amended its Dogecoin exchange-traded fund filing, removing a “delaying amendment” from its S-1 registration statement.
- The U.S. Securities and Exchange Commission (SEC) could allow the ETF to start trading in as soon as 20 days if there are no objections.
- The first U.S. ETF providing exposure to Dogecoin debuted in September, indicating growing interest in altcoin investment products.
- Bitcoin and Ethereum ETFs have been successful, managing $150 billion and $20 billion in assets respectively, boosting confidence for altcoin funds.
- Dogecoin’s current market price is around $0.18, with a market capitalization of $25.4 billion.
Bitwise’s strategic move to amend its ETF filing could enable investors to access Dogecoin through traditional financial channels by November if the SEC does not raise any objections within the next few weeks.
With the success of Bitcoin and Ethereum ETFs setting a precedent, Bitwise’s Dogecoin ETF aims to tap into the rising demand for digital asset-focused investment products, potentially launching before the end of November if regulatory conditions are met. Source
