Bitwise, a Crypto index fund manager, filed an S-1 document from the Securities and Exchange Commission (SEC) requesting the approval to launch a Stock Exchange (ETF) Fund linked to the Dogecoin Prize (DOGE) .
The deposit with the securities regulator came a week after Bitwise recorded a dogecoin Etf Trust in the state of Delaware.
Is an ETF DOGE imminent?
The SEC must approve two forms, S-1 and 19B-4, for the registration and trade of FNBs on public exchanges. The S-1 forms are submitted by the transmitter with the details of the product, while the 19B-4 forms, submitted by the rating exchange, the outline conditions and the registration rules to modify for a new product.
Bitwise is not the first company to request the approval of a Dogecoin ETF. Earlier, REX shares and OSPRESY funds requested the regulatory approval of several ETF Crypto, including Dogecoin. However, the S-1 deposits of the two companies for a Dogecoin ETF differ.
Bitwise is looking for an ETF DOGE under law 33 rather than law 40, which Rex and Osprey have filed, said Bloomberg Intelligence ETF analyst Eric Balchunas.
This is the first act of 33 (at the $ Ibit) Doge Daying. Rex has on e tabled in less than 40 acts, but it is not the same structure of real real blue physically
– Eric Balchunas (@ericbalchunas) January 28, 2025
S-1 deposits under the 33 law are generally used for specialized ETFs based on basic products, while law 40 provides stronger protection of investors by imposing additional dry requirements. For example, law 40 restricts the lever effect and the uncovered sale and applies more strict fiduciary surveillance and governance.
The landscape of changing cryptography in the United States
Cryptographic companies have been trying to list FNB on public exchanges for years. The valves opened after the SEC approved for the first time the registration and trading of 11 ETF Bitcoin simultaneously on American exchanges in January 2024. Later, ETF ETF also received approval.
Bitwise is already one of the issuers of ETF Bitcoin and Ethereum. In addition to Dogecoin, the asset manager requested approval of ETF XRP and Solana.
Interestingly, the former president of the Sec, Gary Gensler, criticized cryptocurrencies. However, after Donald Trump became president, crypto-friendly Mark Uyeda was appointed president of the acting dry Until the appointment of Paul Atkins receives the approval of the Senate. Now it remains to be seen how the new leadership of the dry will tackle the crypto.
President Trump also recently appointed a working group to explore potential cryptocurrency policies in the United States.
Bitwise, a Crypto index fund manager, filed an S-1 document from the Securities and Exchange Commission (SEC) requesting the approval to launch a Stock Exchange (ETF) Fund linked to the Dogecoin Prize (DOGE) .
The deposit with the securities regulator came a week after Bitwise recorded a dogecoin Etf Trust in the state of Delaware.
Is an ETF DOGE imminent?
The SEC must approve two forms, S-1 and 19B-4, for the registration and trade of FNBs on public exchanges. The S-1 forms are submitted by the transmitter with the details of the product, while the 19B-4 forms, submitted by the rating exchange, the outline conditions and the registration rules to modify for a new product.
Bitwise is not the first company to request the approval of a Dogecoin ETF. Earlier, REX shares and OSPRESY funds requested the regulatory approval of several ETF Crypto, including Dogecoin. However, the S-1 deposits of the two companies for a Dogecoin ETF differ.
Bitwise is looking for an ETF DOGE under law 33 rather than law 40, which Rex and Osprey have filed, said Bloomberg Intelligence ETF analyst Eric Balchunas.
This is the first act of 33 (at the $ Ibit) Doge Daying. Rex has on e tabled in less than 40 acts, but it is not the same structure of real real blue physically
– Eric Balchunas (@ericbalchunas) January 28, 2025
S-1 deposits under the 33 law are generally used for specialized ETFs based on basic products, while law 40 provides stronger protection of investors by imposing additional dry requirements. For example, law 40 restricts the lever effect and the uncovered sale and applies more strict fiduciary surveillance and governance.
The landscape of changing cryptography in the United States
Cryptographic companies have been trying to list FNB on public exchanges for years. The valves opened after the SEC approved for the first time the registration and trading of 11 ETF Bitcoin simultaneously on American exchanges in January 2024. Later, ETF ETF also received approval.
Bitwise is already one of the issuers of ETF Bitcoin and Ethereum. In addition to Dogecoin, the asset manager requested approval of ETF XRP and Solana.
Interestingly, the former president of the Sec, Gary Gensler, criticized cryptocurrencies. However, after Donald Trump became president, crypto-friendly Mark Uyeda was appointed president of the acting dry Until the appointment of Paul Atkins receives the approval of the Senate. Now it remains to be seen how the new leadership of the dry will tackle the crypto.
President Trump also recently appointed a working group to explore potential cryptocurrency policies in the United States.