Bitwise Files Amended S-1 for Dogecoin ETF with In-Kind Processing
Bitwise Asset Management filed an amended S-1 on June 26 for a Dogecoin ETF, introducing “in-kind” creations and redemptions. This aligns the proposed ETF with SEC-approved structures for spot bitcoin and ether products.
Signs Point To Dogecoin ETF Approval
Key highlights include:
- Amended S-1s for Dogecoin and Aptos ETFs signal SEC engagement.
- In-kind processing allows direct DOGE swaps for ETF shares without tax implications.
- Analysts raised approval odds for pending altcoin ETFs to 90% or higher.
- Polymarket shows a 69% chance of Dogecoin ETF approval by 2025, with only 13% for approval by July 31.
Dogecoin Price Stalls (For Now)
Despite regulatory developments, Dogecoin's price is around $0.161, down about 2%. Technical analysis suggests support between $0.143 and $0.127. Market conditions are influenced by Federal Reserve policies, with significant moves in altcoins contingent on changes in monetary policy.
At press time, DOGE traded at $0.16123.
