π The Bitwise Spot Dogecoin ETF Bits: Will Crypto’s Wildest Dream Come True? ππͺ
Bitwise has officially submitted an S-1 registration documentation to the U.S. Securities and Exchange Commission (SEC) on Tuesday. The financial entity will introduce a spot-based Dogecoin Exchange-Traded Fund named Bitwise Dogecoin ETF. πΆπ°
This marks the beginning of the official review process π which will decide if it will accept or reject the Dogecoin ETF approval. ππΌ
The filing also reveals that Bitwise will trust Coinbase Custody with Dogecoin ETF custody services. π€π The crypto asset storage leader Coinbase Custody maintains strong industry trust, leading numerous crypto ETF issuers to select them. βπ
However, crypto ETFs face approval delays, because the SEC maintains a conservative approach toward their regulation. ππ€² Will Dogecoin’s day of reckoning finally dawn? π Stay tuned to find out! π
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2025-01-29 12:33