Key takes
- Bitwise's Dogecoin ETF is the first one under '33 acts and provides a safe and physically supported exposure to DOGE.
- With physically supported Dogecoin ETF filing, Bitwise aims to justify Doge as an executable system grade asset.
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Bitwise has applied for Dogecoin ETF to SEC and marks the first physically backed structure of Meme Coin based on the '33 law. This application will continue to be a company registration in Delaware last week.
“This is the first Dogecoin ETF registered under the '33 law, and has a true physical structure,” said ETF analyst Eric Baltunas.
This movement follows REX SHARES filing for a series of ETFs targeting multiple digital assets such as Dogecoin, Solana, Etherna, Bitcoin, XRP, Trump, Bonk.
The proposed ETF aims to directly expose DOGE through safe custody services and transparent evaluation mechanisms. Funds include management fees and incorporate measures to deal with price volatility and fluid risk.
The price of Dogecoin was stable at $ 0.32, and there was no immediate reaction to filing.
Analysts believe that Deepseek's fear has led to the market to adopt a more cautious approach, and that calm market response is due to attention.
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