The digital asset management company Bitwise has filed documents to register an exchange-traded fund (ETF) based on Dogecoin (DOGE) with the Division of Corporations in the state of Delaware, USA.
Bloomberg analyst James Seyffart clarified that this involves the registration of a trust rather than an official filing with the SEC.
According to Decrypt, asset managers often register legal entities in Delaware before submitting formal applications to the Securities and Exchange Commission (SEC).
Matt Hougan, CIO of Bitwise Asset Management, confirmed to The Block the submission of the application.
On January 21, the price of Dogecoin rose after its logo appeared on the website of the U.S. Government Efficiency Department, an agency whose abbreviation matches the name of the popular meme coin.
The agency is headed by Elon Musk, who is known as one of DOGE’s biggest advocates. His tweets and actions have repeatedly caused sharp price jumps for the cryptocurrency.
It’s worth noting that the SEC’s preliminary decisions on Solana-ETF applications from VanEck, 21Shares, Canary, Bitwise, and Grayscale are expected between January 23 and 25.
Previously, some experts expressed confidence that such products could launch by the end of 2025.
According to JPMorgan, inflows into potential spot ETFs based on SOL and XRP could surpass those of Ethereum-based funds within six months of launch, reaching $3–6 billion.
