Bitwise has filed with the US Securities and Exchange Commission to list an exchange-traded fund (ETF) tracking the price of the popular memecoin Dogecoin.
The proposed Bitwise Dogecoin ETF would hold Dogecoin (DOGE) and closely track the memecoin’s price movements, according to Bitwise’s Jan. 28. S-1 filing with the SEC.
Bloomberg ETF analyst James Seyffart noted on X that Bitwise filed to register a Dogecoin trust in Delaware on Jan. 22.
”But this makes it official with the SEC,” he said.
Bitwise’s filing to list a spot Dogecoin ETF. Source: SEC
A wave of crypto memecoin ETFs have been filed in the US, with issuers Osprey Funds, REX Shares and Tuttle Capital pitching funds tracking or leverage betting on tokens including DOGE and President Donald Trump’s memecoin Official Trump (TRUMP).
Seyffart said on Jan. 27 that fund issuers are “testing the limits of what this SEC is going to allow” after Tuttle filed for 10 leveraged ETFs tracking popular cryptocurrencies and memecoins.
Bitwise’s S-1 filing must be accompanied by a 19b-4 filing to kickstart the approval or denial process for the dog-themed memecoin fund. DOGE has amassed a $47 billion market cap since launching in 2015 and is the eighth-largest cryptocurrency overall.
Bitwise listed Coinbase Custody as the proposed custodian of the spot Dogecoin ETF, a popular choice among issuers offering crypto exchange-traded products.
Bitwise’s filing left the proposed fee and ticker for the ETF blank and didn’t specify which stock exchange it would be listed on if approved.
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The Dogecoin filing marks Bitwise’s latest effort to expand from the spot Bitcoin (BTC) and Ether (ETH) ETFs it currently has on offer.
It has also recently filed to list a spot Solana (SOL) ETF and an XRP (XRP) ETF.
Bitwise filed to list a Bitwise 10 Crypto Index Fund on NYSE Arca in November, which would track ten of the largest cryptocurrencies by market cap, including the likes of Cardano (ADA), Uniswap (UNI) and Polkadot (DOT).
At the time of publication, Dogecoin had fallen 1.2% over the last hour and 3.3% over the last day — in line with a broader fall in the crypto market.
Change in DOGE’s price over the last 24 hours. Source: CoinGecko
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