Bitwise Files S-1 Registration for a Dogecoin ETF with the SEC

TL;DR

• Bitwise has filed the S-1 form with the SEC for a Dogecoin ETF.

• The crypto fund manager previously submitted a registration filing in Delaware for a potential Dogecoin ETF.

Bitwise Submits a Dogecoin ETF S-1 Form with the SEC

Cryptocurrency fund manager Bitwise has officially filed an S-1 registration with the U.S. Securities and Exchange Commission for a spot Dphecoin exchange-traded fund. The firm filed for the Bitwise Dogecoin ETF on Tuesday 

This latest development comes after Bitwise submitted a registration filing in Delaware for a potential DOGE ETF a week ago. Dogecoin is perhaps the earliest memecoin and currently the largest in terms of market cap. It was launched as a joke in 2013 by software engineers Markus and Jackson Palmer.

The memecoin has gained further popularity in recent months thanks to the launch of the Department of Government Efficiency under President Donald Trump.

While speaking to Financial Times, Bitwise CIO Matt Hougan said,

“The reality is that there are a lot of people that want to invest in Dogecoin. It’s the sixth-largest crypto asset in the world by market cap, and it trades over $1bn a day."

In addition to Bitwise, Osprey Funds, and Rex Shares have also submitted a proposal for a Dogecoin ETF.

DOGE is currently trading at $0.33, down nearly 2% in the last 24 hours.