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...