Join Our Telegram channel to stay up to date on breaking news coverage
NYSE has filed a proposed rule change to list and trade shares of Bitwise Asset Management’s Dogecoin ETF (exchange-traded fund).
The 19b-4 filing was submitted on March. 3 to the US Securities and Exchange Commission (SEC). If approved, it will allow the NYSE Arca to list the DOGE-based fund and offer both retail and institutional investors direct exposure to the largest meme coin by market cap.
Bitwise Dogecoin ETF Could Become One Of The First Meme Coin-Focused US Investment Funds
Yesterday’s filing by NYSE Arca comes after Bitwise filed an S-1 registration form for the fund with the SEC towards the end of January this year.
JUST IN: Bitwise has filed for a spot Dogecoin $DOGE ETF.
63% chance it's approved this year. pic.twitter.com/xSv1n5MR1q
— Polymarket (@Polymarket) March 3, 2025
According to the filing, leading US crypto exchange Coinbase will act as the custodian for the proposed Dogecoin ETF. Meanwhile, the Bank of New York Mellon will be responsible for cash custody, administration and transfer agency functions.
Should the fund get the green light, Bitwise’s Dogecoin ETF would become one of the first meme coin-centric US investment funds.
Timeline For The SEC To Deliver A Decision On A Dogecoin ETF Has Already Started
NYSE Arca’s filing for a proposed rule change comes after the SEC acknowledged Grayscale’s filings for its Dogecoin Trust on Feb. 13. This acknowledgement started the timeline for the regulator to deliver a decision, with a potential deadline around the middle of October.
From a price perspective, DOGE barely reacted to the recent filing by NYSE Arca. In the hours that followed the exchange’s filing, the crypto market underwent a steep correction.
Dogecoin took a more than 12% hit in the last 24 hours, bringing its price down to $0.1921 as of 2:07 a.m. EST. This steep pullback was enough to push the meme coin’s weekly performance to over 7% in the red as well, according to CoinMarketCap.
Related Articles:
- US SEC Says Meme Coins Like Dogecoin Are Not Securities
- Eric Trump Says ”Buy The Dip”
- Rare Punk Sells For $2.1M
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
