The digital asset management firm Bitwise has filed for the registration of an exchange-traded fund (ETF) based on Dogecoin (DOGE) with the Corporations Division of the Delaware Department of State (USA).
True if Big. @BitwiseInvest Dogecoin ETF
NOTE: this is just a registration for a trust. Assuming its real — its still not an official ETF filing with the SEC. At least not yet! https://t.co/CL3hgtWBNA
— James Seyffart (@JSeyff) January 22, 2025
Bloomberg analyst James Seyffart highlighted that this pertains to a trust registration, not an official filing with the SEC.
Decrypt noted that asset managers typically register legal entities in Delaware before submitting official applications to the Commission.
Bitwise Asset Management’s CIO Matt Hougan confirmed the relevance of the application to The Block.
On January 21, Dogecoin’s value increased following the appearance of its logo on the website of the U.S. Government Efficiency Department. The department shares the same abbreviation as the popular meme coin.
Elon Musk, known as one of the main promoters of DOGE, became the head of the agency. His tweets and actions have repeatedly led to price surges of this cryptocurrency.
Back in January 23-25, the deadlines expired for the SEC’s preliminary decision on Solana-ETF applications from VanEck, 21Shares, Canary, Bitwise, and Grayscale.
Previously, several experts expressed confidence in the emergence of the product by the end of 2025.
According to JPMorgan, inflows into potential spot exchange-traded funds based on SOL and XRP could surpass the performance of Ethereum instruments within six months of launch, reaching $3-6 billion.