- A recent Bitwise move could let its spot Dogecoin ETF start trading by late November if no SEC delay occurs.
- The ETF will hold Dogecoin directly with Coinbase Custody and track the CF Dogecoin Dollar index.
- Analysts expect several Dogecoin ETFs to launch by year end as regulatory approval becomes more likely.
Bitwise has adjusted its regulatory filing in a way that could allow its spot Dogecoin exchange-traded fund to begin trading soon. The company removed a “delaying amendment” from its S-1 registration statement under Section 8(a) of the Securities Act.
This change means the filing will automatically become effective after 20 days unless the Securities and Exchange Commission intervenes. The move was highlighted in a post by a Bloomberg ETF analyst on November 7. While this route is uncommon, it is legally permitted and may help Bitwise accelerate the approval timeline.
Filing Details and Expected Timeline
By removing the delaying amendment, Bitwise essentially set a countdown for the ETF to go live without direct SEC approval. The earliest effective date could fall around November 26, assuming no objections arise from the regulator.
This process allows the filing to take effect automatically once the 20-day period ends. Analysts view this as a strategic choice used when firms believe regulatory delays are unlikely. Bitwise appears confident that the SEC will not move to stop or slow the process.
Fund Structure and Custody Plans
The proposed ETF would hold Dogecoin directly rather than futures contracts. Coinbase Custody is set to manage the fund’s DOGE holdings. Cash assets will be handled by BNY Mellon. The ETF aims to track Dogecoin’s spot price using the CF Dogecoin-Dollar Settlement Price index.
The official ticker symbol and management fee have not yet been disclosed. However, the fund is expected to list on NYSE Arca once it becomes effective. This structure mirrors the design of other recently approved single-asset cryptocurrency funds.
Broader Market Context and Industry Outlook
Interest in Dogecoin-based investment products has expanded rapidly through 2025. The REX-Osprey DOGE ETF launched earlier this year, signaling growing demand for digital asset exposure. Several issuers have since updated their filings, often lowering fees to stay competitive. Industry analysts estimate that the likelihood of multiple Dogecoin ETFs trading by the end of the year exceeds 90%. Moreover, 21Shares’ proposed DOGE ETF recently got listed on the DTCC.
This expectation follows the SEC’s recent approvals of other cryptocurrency spot products, suggesting a more open stance toward such funds. The next three weeks will be crucial for Bitwise and the broader crypto ETF market. If no delays occur, investors may soon gain direct market access to Dogecoin through a regulated exchange-traded fund.
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