Dogecoin ETF — Bitwise Leads the Way
On January 23, 2025, whispers of Bitwise’s Dogecoin ETF filing spread throughout the crypto space. The news was later validated through an official comment to The Block.
On this page
Bitwise Asset Management, known for managing cryptocurrency index funds, has officially applied for the registration of its Dogecoin ETF in Delaware. The company’s Chief Investment Officer, Matt Hougan, confirmed the development.
“This was from us,” Hougan stated on Wednesday evening, addressing the ETF registration documents submitted to Delaware’s Division of Corporations just a few hours before.
What began as a joke in 2013, created by Billy Markus and Jackson Palmer, Dogecoin has solidified its place as the first memecoin. Interest in the token has recently spiked, with some crediting the Department of Government Efficiency (D.O.G.E.), established during Trump’s presidency, for the renewed buzz.
Market analysts have speculated for some time that a Dogecoin ETF was an eventual certainty.
On January 15, ETF Store President Nate Geraci shared his thoughts on the curious absence of Dogecoin ETF filings. Posting on platform X, he stated, “I remain shocked that no issuer has filed for Dogecoin ETF.”
According to Geraci, Dogecoin’s position as the seventh-largest crypto asset makes it a worthy candidate. He added that filing for an ETF could either serve as a smart marketing maneuver or, in the best-case scenario, lead to SEC approval—an outcome that could gain further momentum with Elon Musk’s endorsement.
Dogecoin received a fresh wave of attention after its logo appeared on the website of a newly launched department headed by Elon Musk.
As discussions around Dogecoin ETFs gain momentum, Bitwise isn’t the only player in the game. This week, Osprey Funds and Rex Shares joined the conversation with their own proposals, including one that highlights DOGE.
The SEC’s recent establishment of a crypto-focused task force, led by Hester Peirce, a vocal supporter of blockchain innovations, is poised to influence the future of cryptocurrency ETFs. Experts suggest this could lead to faster regulatory approvals for DOGE and other ETFs such as SOL, XRP, LTC, and DOT.
Trading at $0.34 at the time of writing, and backed by a market capitalization of $51 billion, Dogecoin is at the center of the meme coin frenzy. Analysts are increasingly confident that the creation of a Dogecoin ETF is just a matter of time, given its rising popularity.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
