Bitwise Files for Dogecoin ETF as Speculation Grows Over SEC Approval

The filing marks a potential step toward a Dogecoin-backed exchange-traded fund, with predictions of approval fueled by shifting U.S. regulatory attitudes and market interest.

• Bitwise Asset Management has filed an S-1 application with the SEC to launch a Dogecoin ETF, following earlier groundwork through a Delaware statutory trust registration.
• The proposed ETF would allow investors to gain exposure to Dogecoin's price movements without directly purchasing the cryptocurrency.
• Polymarket prediction odds for a Dogecoin ETF approval surged from 26% earlier this month to 53% following Bitwise's filing, reflecting growing market speculation.
• Recent changes in U.S. regulatory leadership under President Donald Trump have increased optimism for crypto-based ETFs, with Bitcoin and Ethereum ETFs already approved in 2024.
• Dogecoin futures saw a 4% increase in Open Interest within hours of the filing, indicating heightened speculative interest among traders.

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