Bitwise has filed the form S-1 with the United States Securities and Exchange Commission (SEC) for a spot Dogecoin ETF. This request joins the previous ones submitted by Rex Shares and Osprey.
Bitwise and the application for a Dogecoin ETF filed with the SEC
Bitwise has officially filed the its form S-1 with the United States Securities and Exchange Commission (SEC), to issue its Dogecoin spot ETF.
This request from the largest cryptocurrency index fund manager in the world, joins the previous requests already made by Rex Shares and Osprey Funds.
In fact, a few days ago, the investment managers Rex Shares and Osprey Funds filed the documents for several crypto ETFs, including dogecoin.
In any case, Eric Balchunas, Bloomberg’s ETF expert, pointed out that the two applications are different. While the S-1 form for Bitwise’s DOGE ETF was filed under the 33 Act, the one from Rex Shares and Osprey Funds is under the 40 Act, which requires adherence to stricter rules.
This is the first ‘33 Act (a la $IBIT) doge filing. Rex has on e filed under 40 Act but that isn’t the same true blue physically backed structure
— Eric Balchunas (@EricBalchunas) January 28, 2025
“The Bitwise Dogecoin ETF has been officially filed. This is the first dogecoin filing under the 33 Act (like $IBIT). Rex filed once under the 40 Act, but this is not the same true blue physically backed structure.”
According to what has been reported, in practice, the S-1 filings under the 33 Act are typically used for niche ETFs, based on commodities, while the filing under the 40 Act offers greater protection to investors, as it requires the issuer to comply with additional SEC rules.
The 40 Act, for example, limits leverage and short selling and requires, among other things, fiduciary oversight and stricter governance.
Bitwise and its ETF application on Dogecoin
Bitwise is not new to the world of crypto ETFs. In fact, this official request for a Dogecoin ETF adds to the latest one from September 30, when Bitwise submitted its application for a Ripple (XRP) spot ETF.
Not only that, Bitwise is indeed one of the very first 11 issuers of spot Bitcoin ETFs in the USA, which had obtained approval last January 11, 2024. Its Bitwise Bitcoin ETF was listed on the NYSE, the New York Stock Exchange, with the ticker BITB.
Obviously, we cannot miss its ETF on Ethereum spot, officially launched in the second half of July 2024. The Bitwise ETF Ethereum is also listed on the NYSE with the ticker ETHW.
This one today, however, is a new request for a ETF on DOGE, the memecoin par excellence, as well as the crypto preferred by the well-known Elon Musk.
The price of DOGE
At the moment, DOGE does not seem to be experiencing significant price volatility. In fact, it seems that the eighth crypto by market capitalization needs to regain ground.
In fact, at the time of writing, DOGE is worth $0.33 and is in a price dump of -10% compared to seven days ago.
A curious fact that recently happened regarding DOGE and Elon Musk was the official launch of the website of the D.O.G.E (Department of Government Efficiency of which Musk is head), which initially displayed the logo of the memecoin’s dog.
After a few days, however, such logo disappeared from the website. This move nevertheless caused some pump and dump of DOGE’s price.
In any case, DOGE reached its recent highs last December, when its price rose up to $0.47.
Source: https://en.cryptonomist.ch/2025/01/29/bitwise-files-the-s-1-form-to-issue-its-spot-dogecoin-etf/