- Bitwise applied for the Bitwise Dogecoin ETF
- They did so with the Delaware Department of State’s Division of Corporations.
- This is just a registration for a trust, not an official ETF application with the SEC
Bitwise continues to extend the trend toward crypto ETFs, with the Bitwise Dogecoin ETF as a statutory trust on Wednesday through the Delaware Department of State’s Division of Corporations.
This is likely the result of similar initiatives from other funds and in the context of DOGE’s growing role under Trump’s new pro-crypto administration and the SEC’s upcoming changes.
More About the Potential Bitwise Dogecoin ETF
Bitwise has already shown proactive actions regarding crypto ETFs. Particularly from their acquiring crypto investment firm ETC Group to expand in Europe, to proactively filling the XRP ETF when the chairman of the SEC was still Gary S. Gensler, and their high-profile application for a Bitwise multi-crypto ETF with 10 crypto indexes.
This time, Bitwise was not the first, as REX Shares and Osprey Funds have already filed applications to the SEC for their Dogecoin ETFs.
However, following them, Bitwise applied for a “Bitwise Dogecoin ETF” as a statutory trust on Wednesday through Delaware’s Department of State’s Division of Corporations.
It is important to note that this is not yet a full-fledged ETF application filed with the SEC, but only a registration for a trust in Delaware, and yet it could indicate an upcoming Bitwise Dogecoin ETF.
Conclusion
Given Elon Musk’s support for DOGE, especially with his role in the Department of Government Efficiency and the even broader context of Donald Trump’s pro-crypto administration – this has a chance for a big development.
The creation of a Dogecoin ETF, especially in the face of a major player like Bitwise, could also stimulate this quite noticeably, but the various ways this could develop will have to be watched very closely, and all factors that could affect your trading will have to be analyzed. Be aware and stay tuned.
The information provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more
