Bitwise Files for Physically-Backed Dogecoin ETF with SEC
Bitwise Asset Management has filed for a Dogecoin ETF with the US SEC, following a previous application through a Delaware trust. This is the second Dogecoin ETF filing in recent weeks after Rex Shares' applications for multiple meme coin ETFs.
- The Bitwise filing falls under the Securities Act of 1933, ensuring a physically backed structure that holds actual Dogecoin.
- Rex Shares' proposal is under the Investment Company Act of 1940, which does not require direct asset ownership.
- Coinbase Custody will serve as the custodian for the Dogecoin ETF; details on fees, ticker symbol, and listing exchange are pending.
- Betting odds for ETF approval rose to 56% on Polymarket before settling at 55%.
- Bitwise has launched spot Bitcoin and Ethereum ETFs and filed for Solana and XRP ETFs.
- The Bitwise 10 Crypto Index Fund proposal is still under SEC review, with a decision delayed until March 2025.