The post Bitwise Files Updated Application For Spot Dogecoin ETF Amid Overwhelming SEC Approval Odds ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.

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&nbsp Asset manager Bitwise has updated its filing for a U.S.-listed spot Dogecoin (DOGE) exchange-traded fund, indicating that the Securities and Exchange Commission may soon approve the investment vehicle. Bitwise Includes In-Kind Redemptions In Amended DOGE ETF Filing On Thursday, ETF provider Bitwise submitted updated S-1 filings with the U.S. Securities and Exchange Commission for its proposed spot Dogecoin and Aptos exchange-traded funds. This move, according to pundits, is an indication of increased approval odds. “Bitwise has filed amended S-1s for their spot dogecoin ETF and their spot aptos ETFs,” Bloomberg’s senior ETF analyst Eric Balchunas observed on X. “Good signs as it indicates SEC engagement, and tracks with other spot approvals.” Notably, the Dogecoin filing was amended to include in-kind creations and redemptions, which were not present in Bitwise’s initial application. According to Balchunas, in-kind redemptions, whereby broker-dealers interacting with the ETF can directly trade shares for DOGE tokens instead of cash, are a “near-lock” for spot crypto ETFs “across the board.” At present, all U.S.-based crypto funds must exchange their tokens for cash, then swap that cash for shares — or swap the shares for cash, then the cash for tokens — which is considered less tax efficient. Advertisement

&nbsp Notably, Bitwise was the first company to submit paperwork for a DOGE ETF in January. Other asset managers, including Grayscale and 21Shares, have also filed to introduce their own funds tracking the price of the OG memecoin. Multiple issuers and industry leaders have sought in-kind creations and redemptions for months, particularly for spot BTC and Ether ETFs that are already on the market. “You’re not adding in kind to the Doge ETF if they didn’t say it was probably kosher,” Balchunas opined. “And if it’s kosher for the Doge ETF, it’s going to be…

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Filed under: News - @ June 27, 2025 6:26 pm