Key Takeaways
- Bitwise expects to launch its spot Dogecoin ETF within 20 days due to the 8(a) automatic approval process.
- Last week, three crypto ETFs tied to SOL, LTC, and HBAR made their Wall Street debut.
Bitwise, a crypto asset manager, expects its spot Dogecoin ETF to launch within 20 days following an automatic regulatory approval process known as the “8(a) move,” unless the SEC intervenes, according to Bloomberg ETF analyst Eric Balchunas.
The filing relies on Section 8(a) of the Securities Act, which allows registration statements to become effective automatically after a set period without explicit SEC approval.
Grayscale has also submitted amended filings for its spot Dogecoin ETF, initiating a similar countdown period toward potential listing. Multiple asset managers have advanced spot crypto ETF proposals with exchange rule changes submitted for SEC review.
Bitwise’s updated filing reflects ongoing efforts to list the product on a major exchange, aligning with broader crypto ETF trends that have gained momentum following successful Bitcoin and Ethereum spot ETF launches.
Source: https://cryptobriefing.com/bitwise-spot-dogecoin-etf-launch-8a/