Crypto asset manager Bitwise has applied to launch a Dogecoin exchange-traded fund amid further signs U.S. policymakers are warming to crypto.
The application, filed with federal regulators on Tuesday, marks the issuer’s latest step toward rolling out a Dogecoin ETF, which it laid the legal groundwork for last week.
The fund, if approved, would expose investors to the price movements of the eighth-largest crypto by market capitalization.
Dogecoin is trading at $0.32 at writing time, CoinGecko data shows. The asset touched a three-year-high price of $0.475 last November—roughly around the time Elon Musk ramped up his tweeting about launching his eponymous extra-governmental agency, D.O.G.E.
Elon Musk's X Reveals First Payments Details—But No Dogecoin (Yet)
The social media platform formerly known as Twitter will soon take one step closer to becoming Elon Musk’s “everything app,” with X’s long-awaited payments service set to debut later this year. The service, dubbed X Money, will be offered through a partnership with Visa, X CEO Linda Yaccarino said on X Tuesday. The X account for the platform’s payment service bills itself as a solution “for all your money moves,” yet it does not reference cryptocurrency specifically. Yaccarino didn’t name drop...
Exchange-traded funds are investment vehicles that enable investors to gain exposure to assets without directly investing in them.
Federal regulators in the U.S. approved Bitcoin and Ethereum-based ETFs in the first half of 2024, leading to a rush of institutional dollars into digital assets.
Such digital asset-based funds have so far attracted more than $4 billion in investments in 2025, according to a Coin Shares report released Monday.
And now, as a new crop of regulators takes the helm at the Securities Exchange Commission under President Donald Trump, some speculate approvals for other crypto-based funds will soon follow.
Bitwise Registers Delaware Entity for Potential Dogecoin ETF
Bitwise Asset Management has registered a Dogecoin ETF entity in Delaware, a move that could open future exchange-traded funds centered on the industry’s seminal meme coin. The asset management firm registered "BITWISE DOGECOIN ETF" as a statutory trust on Wednesday through CSC Delaware Trust Company in Wilmington, according to a filing on Wednesday. A source familiar with the matter has confirmed with Decrypt by phone that Bitwise is working on a Dogecoin ETF, though details on its progress are...
Bitwise's application to offer the Dogecoin ETF with the SEC comes just days after the firm registered a statutory trust for the fund. That trust, registered last week through CSC Delaware Trust Company in Wilmington, laid the legal groundwork for the asset manager to file for its ETF.
The meme coin-based fund would add to the issuers’ two existing offerings that trade on U.S. stock exchanges—The Bitwise Bitcoin ETF and Bitwise Ethereum ETF.
Meanwhile, the asset manager also filed for Solana and XRP-based ETFs late last year in a bid to expand its digital asset-based investment offerings. Other issuers have followed Bitwise's lead, applying to roll out funds in the U.S. that would hold cryptocurrencies as vast and varied as Official Trump, Bonk, and HBAR.
The SEC generally has 45 days from the filing date to make an initial decision to approve, deny, or extend its review of ETF applications. This timeframe can be extended multiple times, with the final deadline for a decision usually set within 240 days of the initial filing.
Edited by Sebastian Sinclair
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