Bitwise submits an official application for a Dogecoin ETF

For months it has been raining for applying for crypto-exhibition funds in the United States. And the chance seems to be increasing that other crypto coins will join Bitcoin (BTC) and Ethereum (ETH), who already received their own funds last year. Now the very first application has also been submitted for a Dogecoin (Doge) Spot Exchange-Traded Fund (ETF), from Crypto asset manager Bitwise.

Bitwise Dogecoin ETF

Yesterday BitWise submitted an S-1 registration with the American Securities and Exchange Commission (SEC) for his so-called Bitwise Dogecoin ETF.

This is not completely out of the blue, because last week you could still read in the crypto news that Bitwise had registered a Dogecoin ETF entity in the state of Delaware. This is the crucial legal preparation that precedes the application for the financial watchdog.

An S-1 form, also called registration statement, includes all details about the ETF such as how it works, the costs, how the underlying assets are managed (in this case Dogecoin) and which parties are involved.

Not only the S-1 form, but also the 19B-4 application will have to be approved by the SEC to launch the new fund. With a 19B-4 application, a change of rule is requested so that the fund can be traded on the stock exchange.

So now it is waiting for Bitwise to also submit this application. As soon as the SEC publishes this in the Federal Register, the official assessment period begins. Then the supervisor has a maximum of 240 days to make a final decision.

Solana, XRP, Litecoin and much more crypto

Dogecoin is the umpteenth crypto that now has a chance to get its own spot stock exchange fund in the United States. In addition, Solana (SOL), Ripple (XRP), Litecoin (LTC), in the Race Hedera (HBar).

Last week a lot of applications have also been submitted for livered crypto ETFs. Last week Osprey Funds and Rax Shares did that for Bitcoin, Ethereum, Solana, XRP, Bonk (Bonk) and Official Trump (Trump). Yesterday, Tuttle Capital Management came with similar requests for XRP, Bonk, LTC, SOL, Trump but also Cardano (Ada), Chainlink (link), Polkadot (DOT) and OFifical Melania Meme (Melania).

With Trump at the helm, the SEC will be a lot more constructive towards the crypto industry, and so it becomes interesting to see which ETFs will all be approved.

Claim € 10 free today and do not pay trading costs over the first € 10,000!

Grab this unique opportunity with Newsbit and Bitvavo by creating an account now via the button below. Only deposit € 10 and receive € 10 free of charge. Moreover, you can act without costs for 7 days over your first € 10,000 in transactions. Start today and take advantage of the growing popularity of Crypto!

Make your account and claim € 10 for free.

Don’t miss this opportunity to take advantage of the growing popularity of Crypto!