Bitwise officially filed the S-1 form for its spot Dogecoin (DOGE) exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC) on Jan. 28.
Additionally, Cboe re-filed the 19b-4 forms to trade Solana (SOL) ETFs from VanEck, Canary, Bitwise, and 21shares.
Bloomberg ETF analyst James Seyffart highlighted that the market expected the move from Bitwise as they registered a DOGE trust last week.
He added that this is not a potential “slam dunk” with a chance of definitely getting approval by the SEC. Yet, Seyffart stated that the regulator’s new administration could treat DOGE-related products differently.
Bloomberg senior ETF analyst Eric Balchunas highlighted Bitwise’s use of the 1933 Act to file for its Dogecoin product. This is the same legislation that BlackRock’s spot Bitcoin ETF, the IBIT, came under.
Additionally, a 19b-4 form for Dogecoin ETF trading should be filed, which Seyffart believes will happen soon. Despite being a memecoin, DOGE is the 8th largest crypto by market cap, priced at $0.32 as of press time per CryptoSlate data. It registered n
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Author: Gino Matos
