Bitwise has submitted the official S-1 filing of the Spot Dogecoin ETF and publishes the plan on the SEC.
Bitwise has officially submitted to the US Securities and Exchange Commission and launched DOGECOIN (DOGE) Exchange-Traded Fund (ETF). The company submitted S-1 registration on January 28. This formulates the intention of providing the Spot Dogecoin ETF.
Previously, on January 22, Bitwise signaled a registration to Delaware and signaled a plan to introduce a product. Bloomberg ETF analyst Analyst James Seifert said that it would be SEC's proposal, although it was expected to be submitted in X.
Bitwise is not the asset manager who applied for DOGE ETF. Previously, on January 21st, Rex shared the Osprey fund, a company that focuses on ETF and ETN, and many other, including DOGE and official Trump (Trump), Solana (SOL), and BTC (BTC). Form N1-A has been submitted to the cipher and Ripple (XRP).
ETFs provide various benefits to investors, such as diversification, cost efficiency, fluidity, and transparency, and make it convenient to manage investment. DOGECOIN ETF provides investors to be exposed to DOGE price movements in regulated environments without needing encrypted wallets or exchanges.
According to Coindesk, Bitwise ETF was submitted based on “33 Act”, and REX and OSPREY were submitted based on “40 Act”.
The main feature of 40 ACT is to impose more strict SEC monitoring and better governance, impose high -risk operation such as leverage and shortsing, and provide strong protection to investors. 。 In contrast, 33 laws are commonly used in specialized ETFs such as ETFs based on products that have not strict regulation requirements.
However, DOGE ETF is easier for investors to touch DOGE without dealing with encryption, but the coins of the Mes often face criticism of its volatility.
On January 16, the Burwick method Max Bwick pointed out that the Max coin was the “ultimate evolution of multi -level marketing scams.” Barwick believes that the Mys's coins prey on human despair and are not supported by powerful foundations. However, as the encrypted CEO says, Trump has convened a new era of Mescoin, regardless of whether it likes it!
