Bitwise’s Spot Dogecoin ETF Launch
Bitwise has positioned itself for a potentially swift launch of its spot Dogecoin exchange-traded fund (ETF) with a recent regulatory update. On November 7, Bloomberg ETF analyst Eric Balchunas reported via X that Bitwise has made significant changes to its S-1 registration by eliminating a “delaying amendment.” This change allows the filing to automatically become active after a 20-day period unless the Securities and Exchange Commission (SEC) intervenes to postpone it.
By utilizing the provisions of Section 8(a) of the Securities Act, Bitwise is effectively resetting the regulatory clock, indicating their confidence that the SEC will refrain from interference. Should everything go according to plan, the earliest the ETF could commence trading would be around November 26.
ETF Structure and Management
The proposed ETF aims to directly hold Dogecoin, with the digital currency being secured through Coinbase Custody, while cash assets will be managed by BNY Mellon. The ETF is designed to correlate with Dogecoin’s spot price via the CF Dogecoin-Dollar Settlement Price. While details such as the ticker and management fees are still under wraps, the NYSE Arca is poised to serve as the likely trading venue.
Market Trends and Future Outlook
The move by Bitwise reflects an increasing shift in the cryptocurrency investment landscape, as interest in Dogecoin ETFs grows. This follows the launch of the REX-Osprey Dogecoin ETF in September 2025, with several other firms preparing to follow in Bitwise’s footsteps by submitting their own filings and reduced fees. Analysts at Bloomberg have signaled that there is a greater than 90% likelihood of multiple Dogecoin ETFs entering the market by the end of the year, citing a favorable shift in the SEC’s approach and the recent approval of other single-asset crypto products.
