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Showing posts with the label sec filing

Bitwise Files for Spot Dogecoin (DOGE) ETF

The world’s largest crypto index fund manager, Bitwise, has officially filed for a Spot Dogecoin (DOGE) ETF, according to a new SEC filing. Bitwise joins Rex Shares and Osprey as the latest applicant for a DOGE ETF, looking to add to its existing Bitcoin and Ethereum ETF offerings. “When the Trust creates or redeems its Shares, it will do so in blocks of 10,000 Shares (each, a “Basket”) based on the quantity of Dogecoin attributable to each Share of the Trust (net of accrued but unpaid expenses and liabilities) multiplied by the number of Shares (10,000) comprising a Basket (the “Basket Amount”),” the filing reads. JUST IN: Bitwise files for spot Dogecoin $DOGE ETF. — Watcher.Guru (@WatcherGuru) January 28, 2025 The development is currently touted as extremely bullish. Dogecoin in the form of an ETF has been requested for years due to DOGE’s incredible token popularity. If approved by the US SEC, the development can be incredibly bullish for the meme coin, helping it...

Billion dollar asset manager files for DOGE and TRUMP ETFs

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The election of Donald Trump ignited a strong cryptocurrency bull run in early November of 2024. Trump was largely seen as the pro-crypto candidate of the 2024 election — having promised to open a strategic Bitcoin (BTC) reserve for the United States and even launching his own meme coin on January 17. However, the exact specifics and policies that Trump will put in place are still unclear. Notably, the President’s inaugural speech and first executive orders avoided the topic of cryptocurrencies entirely — although this has done relatively little to stymie the jubilant bull run. Retail investors tend to err on the side of optimism — but similar sentiments from institutional investors are a much rarer sight.  Picks for you This bullish pattern hints Dogecoin to target $15, according to trading expert 26 mins ...

Nasdaq Announces SEC Filing to Start Trading Bitcoin Options

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Notable stock exchange Nasdaq has announced a recent filing with the US Securities and Exchange Commission (SEC) to launch Bitcoin options. The Nasdaq Bitcoin Index Options would allow the trading of options that are connected to the price of BTC. The announcement makes Nasdaq the second stock exchange to seek such a product. In May, the New York Stock Exchange announced its plans to list a Bitcoin index option. Indeed, the move solidifies the rising prevalence of the leading cryptocurrency in finance. JUST IN: Nasdaq seeks SEC approval to start trading #Bitcoin options. — Watcher.Guru (@WatcherGuru) August 27, 2024 Also Read: Missed the Internet Boom? Don’t Miss Bitcoin’s Explosive Growth! Nasdaq Files to Launch BTC Options in Notable Move 2024 has proven to be the year of Bitcoin. The token became the first crypto-based ETF in the United States in January of this year. Since then, its prominence has only been increasing. Now, a second major stock exchange has sought to help inve...