Bitwise files S-1 registration with the SEC for a Dogecoin ETF

Business•January 28, 2025, 5:31PM EST
UPDATED: February 7, 2025, 6:28AM EST
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  • The crypto fund manager previously submitted a registration filing in Delaware for a potential Dogecoin exchange-traded fund.
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Bitwise officially filed an S-1 registration with the U.S. Securities and Exchange Commission on Tuesday for a spot Dogecoin exchange-traded fund, the Bitwise Dogecoin ETF.

The crypto asset manager on Jan. 22 submitted a registration filing in Delaware for a potential DOGE ETF.

Considered the first memecoin, dogecoin has recently taken on a new life thanks to the establishment of the Department of Government Efficiency under President Donald Trump.

“The reality is that there are a lot of people that want to invest in dogecoin," Bitwise CIO Matt Hougan told Financial Times. "It’s the sixth-largest crypto asset in the world by market cap and it trades over $1bn a day."

Osprey Funds and Rex Shares have also submitted a proposal for a Dogecoin ETF.

Last week, President Donald Trump signed an executive order to create a working group that will work on developing a federal regulatory framework for digital assets. He also tapped crypto-friendly Paul Atkins to lead the SEC.

Dogecoin's price trades around $0.32 at publication time, according to The Block's DOGE price data. It has a market cap of $47 billion.