Spot Dogecoin ETF Approval Likely as Bitwise Updates Regulatory Filing
A spot dogecoin ETF is showing potential for approval as Bitwise updated its regulatory filing. Key points include:
- Bitwise filed amended S-1s for its spot dogecoin and aptos ETFs.
- Possible increased engagement from the SEC, indicating a positive trend for ETF approvals.
- The filing now allows for in-kind redemptions and creations, enabling broker-dealers to trade shares directly for DOGE tokens.
- This amendment could eliminate tax events caused by token swaps for cash.
- DOGE price decreased by approximately 2% in the last 24 hours, currently at $0.16.
- 21Shares and Grayscale have also filed for dogecoin-related investment products.