Overview
- Bitwise Asset Management has registered a Delaware statutory trust for a potential Dogecoin exchange-traded fund (ETF).
- The filing is a preparatory move and not an official ETF proposal to the SEC, which would be required for the product to launch.
- If approved, a Dogecoin ETF could attract institutional investors and potentially increase demand for the memecoin.
- Dogecoin, the largest memecoin with a $52 billion market cap, has seen increased attention tied to Elon Musk's initiatives, including the Department of Government Efficiency (D.O.G.E).
- Prediction markets have shown fluctuating odds for a Dogecoin ETF approval in 2025, reflecting growing interest in regulated crypto investment products.