DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News

Bitwise Takes First Step Toward Issuing Potential Dogecoin ETF

January 23, 2025
in News
Bitwise Takes First Step Toward Issuing Potential Dogecoin ETF
509
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Asset manager Bitwise Asset Management has taken the first step toward issuing a Dogecoin (DOGE) exchange-traded fund (ETF), a day after REX Shares filed with the U.S. Securities and Exchange Commission (SEC) to issue a DOGE ETF.

Bitwise registered an entity called “Bitwise Dogecoin ETF” with the State of Delaware’s Division of Corporations Wednesday, registering the entity as a statutory trust.

With the move, Bitwise has at least completed the first step in possibly issuing a Dogecoin ETF and it will be among the first movers to make a filing for the said fund with a new SEC leadership.

Bitwise Moves Fast After REX Shares Filing

Bitwise’s entity registration in Delaware came just a day after the rising exchange-traded product (ETP) provider REX Shares filed with the SEC to issue a host of crypto ETFs, including a fund for Dogecoin, the world’s largest memecoin by market cap.

Unlike Bitwise, REX is already in the SEC stages of its application to become a DOGE ETF issuer, but Bitwise is in the right direction toward what could be an impending Dogecoin ETF launch.

Bitwise still needs to file the necessary documents – such as a prospectus – with the SEC and get approval after an arduous application process before it can actually issue a DOGE ETF even if it has already completed the preparatory step through its Delaware statutory registration.

Bitwise’s History of Crypto ETFs

Bitwise is known for its cryptocurrency ETFs, specifically funds for Bitcoin and Ethereum. It was among the U.S.-listed issuers that received a stamp of approval from the SEC in January 2024 to issue a spot Bitcoin ETF. It was also approved to issue its ETHW Ethereum ETF a few months later.

Considering Bitwise’s history of applying to be an issuer, it can be safe to say that the asset management firm may soon file a prospectus with the SEC.

The Case for Memecoin ETFs

Several asset managers and financial firms have already filed with the SEC for altcoin ETFs, including funds for Solana (SOL), Litecoin (LTC), XRP, and Hedera (HBAR). However, Bitwise is among the first movers for a memecoin ETF.

There are mixed reactions to how memecoin ETFs will affect the crypto market, with some saying it will “turn the stock market into the stonk market.” Others believe Donald Trump’s official memecoin launch only “put more positive attention” to the meme token space, suggesting that the memecoin ETF filings were triggered by Trump’s seeming embrace of the burgeoning blockchain segment.

It seems Dogecoin wasn’t affected by the news as the top meme token remains down by nearly 6% in the day as per CoinGecko data. The memecoin is also down 6% in the last seven days but remains unchallenged in terms of market cap with a valuation of nearly $52 billion as of early Thursday.

The post Bitwise Takes First Step Toward Issuing Potential Dogecoin ETF appeared first on International Business Times.

Share204Tweet127Share
Astronomers discovered a whole new class of black holes
News

Astronomers discovered a whole new class of black holes

by BGR
July 5, 2025

Scientists have observed a new type of black hole that is too heavy to have been born from a star ...

Read more
News

The Eternal Die team always knew Lost In Random would make a great roguelike

July 5, 2025
News

Been Waiting Forever To Buy a Sonos Arc? Well, Now It’s $300 Off.

July 5, 2025
News

‘Jurassic World Rebirth’ Evolves July 4th To Post Covid $26M+ Record; 5-Day Opening Now Roaring To $141M+

July 5, 2025
News

Lawsuit from mom of man killed by Seattle officer involved in multiple deaths is moving forward

July 5, 2025
Trump administration deports 8 migrants to South Sudan

Trump administration deports 8 migrants to South Sudan

July 5, 2025
Florida beachgoers injured by lightning strike on Fourth of July

Florida beachgoers injured by lightning strike on Fourth of July

July 5, 2025
FDA Issues Most-Serious Risk Warning for Cucumber Recall

FDA Issues Most-Serious Risk Warning for Cucumber Recall

July 5, 2025

Copyright © 2025.

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2025.