Dogecoin (DOGE) Heads to Wall Street: Bitwise Makes First Move Toward ETF
The post Dogecoin (DOGE) Heads to Wall Street: Bitwise Makes First Move Toward ETF appeared on BitcoinEthereumNews.com.
Bitwise Asset Management has registered a “BITWISE DOGECOIN ETF” entity in Delaware, indicating potential future ETF development The Delaware registration is only a preliminary step and not an official SEC filing Dogecoin price briefly touched $0.373 following the news, with whale activity showing 590M DOGE accumulation in 24 hours Multiple asset managers, including Rex Osprey, are pursuing Dogecoin ETF products Bloomberg analysts suggest potential Dogecoin ETF launches could occur as early as April 2025 Bitwise Asset Management has taken an initial step toward creating a Dogecoin ETF by registering a business entity in Delaware, as crypto asset managers continue expanding their ETF offerings beyond Bitcoin and Ethereum. The registration, completed on Wednesday through CSC Delaware Trust Company in Wilmington, establishes “BITWISE DOGECOIN ETF” as a statutory trust. The move comes amid growing interest in cryptocurrency investment products from traditional financial institutions. Bitwise, which currently manages over $12 billion in crypto assets, has been steadily expanding its ETF lineup in recent months. A source familiar with the matter confirmed to Decrypt that Bitwise is working on a Dogecoin ETF, though specific details remain confidential at this time. The Delaware registration represents an early administrative step rather than a complete ETF proposal. Bloomberg Senior Analyst James Seyffart clarified the nature of the filing on social media platform X, stating, “This is just a registration for a trust. Assuming it’s real […] it’s still not an official ETF filing with the SEC.” True if Big. @BitwiseInvest Dogecoin ETF NOTE: this is just a registration for a trust. Assuming its real — its still not an official ETF filing with the SEC. At least not yet! https://t.co/CL3hgtWBNA — James Seyffart (@JSeyff) January 22, 2025 The Delaware statutory trust structure provides several advantages for investment products, including tax benefits and clear governance frameworks. It also…
Filed under: News - @ January 23, 2025 8:17 am