Bitwise Files for Spot Dogecoin ETF with SEC, Crypto World Stunned!

πŸ• The Bitwise Spot Dogecoin ETF Bits: Will Crypto’s Wildest Dream Come True? πŸš€πŸͺ™

Bitwise Files for Spot Dogecoin ETF with SEC, Crypto World Stunned!

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. πŸΆπŸ’°

This marks the beginning of the official review process πŸ“‘ which will decide if it will accept or reject the Dogecoin ETF approval. πŸ•πŸ’Ό

The filing also reveals that Bitwise will trust Coinbase Custody with Dogecoin ETF custody services. πŸš€πŸ”“ The crypto asset storage leader Coinbase Custody maintains strong industry trust, leading numerous crypto ETF issuers to select them. β­πŸ”

However, crypto ETFs face approval delays, because the SEC maintains a conservative approach toward their regulation. πŸ•’πŸ€² Will Dogecoin’s day of reckoning finally dawn? πŸŒ… Stay tuned to find out! πŸ™ˆ

Read More

2025-01-29 12:33