Bitwise Amends Dogecoin and Aptos ETF Filings with SEC – Coincu

Bitwise Asset Management filed amended S-1 documents with the SEC on June 26th for Dogecoin and Aptos ETFs, with the NYSE handling key submissions.

This move aligns with increasing regulatory approvals of spot ETFs, boosting positive sentiment in the crypto market.

Bitwise’s SEC Filings Raise Odds of ETF Approval to 90%

Eric Balchunas, Senior ETF Analyst, Bloomberg, noted, “Bitwise has submitted an amended version of the S-1 filing for its Dogecoin ETF and Aptos ETF. This is a positive signal indicating that the firm is in active dialogue with the SEC, matching the pattern seen in previous ETF approval waves.”

Eric Balchunas, Bloomberg analyst, remarked on this as a positive signal. The NYSE has also submitted required documents for listing, marking substantial progress.

The market saw a boost in confidence regarding these ETFs’ possible approval, as inferred from revised odds of 90%. This is due to the inclusion of in-kind activities, enhancing product efficiency. Several other altcoins may similarly experience positive momentum.

Market analysts and commentators highlight strong regulatory engagement. Malta Finance Minister stated that such developments represent a forward path in securities regulation. Public reaction on X (Twitter) reflects a cautiously optimistic stance.

Historical Patterns Suggest Broader Acceptance of Crypto ETFs

Did you know? Incorporating in-kind creation mechanisms was a pivotal update that led to higher ETF approval rates in the past, reflecting current positive outlooks towards crypto ETFs.

CoinMarketCap reports Dogecoin’s current price at $0.16 with a market cap of 24,014,034,176, maintaining a 0.73% dominance. Trading volume reached 834,069,915, while the price fell 3.01% over 24 hours and 5.88% over 7 days.

Coincu research highlights the regulatory trajectory, suggesting greater openness from the SEC might inspire more ETFs to adopt similar non-cash methods. Historical patterns point to a potential broader acceptance of alternative finance models within conventional frameworks.