bitwisedogeetf

Exchange-traded fund (ETF) in Delaware, potentially paving the way for future ETFs centered on the world’s largest memecoin. This move is seen as a significant development in the crypto space, with the possibility of heightened demand leading to a sharp rise in Dogecoin’s value. If the ETF captures even a fraction of the inflows seen by successful Bitcoin spot ETFs, it could propel DOGE to unprecedented levels.

The filing, made on January 22, registered the "Bitwise DOGECOIN ETF" as a statutory trust through the CSC Delaware Trust Company. While such filings are sometimes met with skepticism—citing past instances like the questionable BlackRock XRP ETF submission—Bloomberg's senior ETF analyst Eric Balchunas confirmed the authenticity of the Bitwise filing, assuring the community that it is a legitimate move toward a Dogecoin ETF. However, experts caution that this registration is just the first step. Bitwise still needs to file a detailed application with the SEC before any potential Dogecoin product could be launched in the market.

This development arrives at a time of growing institutional interest in crypto through regulated products. The filing aligns with the broader context of US digital asset regulation, which is expected to become more crypto-friendly under the leadership of President Donald Trump, sworn in as the 47th US President on January 20. Alongside Bitwise, other asset managers such as Osprey Funds and REX Shares have also submitted proposals for various crypto-related ETFs, including one based on Dogecoin.

With Dogecoin’s meteoric rise in popularity, largely driven by high-profile supporters like Elon Musk, crypto analyst Ali Martinez forecasts that the price of DOGE could skyrocket to as high as $15 if the SEC approves a spot market ETF for Dogecoin. Despite a recent decline in value, from $0.4318 to $0.35, the potential for Dogecoin’s price to surge remains strong, especially with institutional investment set to play a crucial role in its future.

#BitwiseETF #BitwiseDogeETF #DOGE原型柴犬KABOSU去世