- The ETF will hold DOGE directly, with Coinbase and BNY Mellon serving as custodians.
- The REX-Osprey DOGE ETF launched in September 2025, setting a precedent.
- Analysts see a 90% chance that several Dogecoin ETFs will be trading by year-end.
Bitwise has made a procedural move that could allow a Dogecoin ETF to begin trading by late November, a development that would mark a turning point for regulatory practice and mainstream acceptance of the meme coin.
The asset manager amended its S-1 registration under Section 8(a) of the Securities Act, removing a delay amendment that would have automatically rendered the fund inactive.
That change triggers a 20-day countdown, meaning the fund could launch unless the Securities and Exchange Commission (SEC) intervenes.
If the SEC does not act, the ETF could start trading around November 26, representing a notable milestone in digital asset regulation.
Filing step reflects growing confidence in the SEC’s approach
As noted on November 7 by Bloomberg ETF analyst Eric Balchunas, the update allows Bitwise to “let time run.”
Under Section 8(a), an ETF filing becomes effective automatically after 20 days unless the SEC moves to stop or delay it.
That strategy is uncommon but fully permitted under U.S. securities law.
It signals Bitwise’s belief that the SEC will not act against the fund in time, especially given the agency’s recent approvals for several single-asset crypto products.
The regulatory shift suggests the SEC is becoming more amenable to digital-asset exposure through tightly regulated instruments such as ETFs.
Inside Bitwise’s Dogecoin ETF structure
The proposed product would hold Dogecoin directly, custodying tokens with Coinbase Custody Trust Company while BNY Mellon would manage its cash reserve.
It is designed to track the CF Dogecoin-Dollar Settlement Price, providing investors with direct exposure to the token’s spot performance.
While Bitwise has not disclosed a ticker symbol or management fee yet, the ETF is expected to list on NYSE Arca.
The design mirrors prior single-asset crypto ETFs by combining traditional financial infrastructure with digital-asset market mechanics to offer institutional-grade access to cryptocurrency.
Dogecoin moves from novelty to serious investment class
Originally launched in 2013 as a lighthearted experiment, Dogecoin has evolved into a regulated, investable asset.
The REX-Osprey DOGE ETF, introduced in September 2025, was the first to bring the token into a mainstream financial product.
Bitwise’s latest filing follows broader interest among asset managers. Several issuers have recently updated or refiled applications, often lowering fees to gain early competitive advantage.
Bloomberg analysts estimate better than a 90% chance that multiple Dogecoin ETFs could be trading by year-end, helped by the SEC’s gradual acceptance of exchange-traded products tied to individual crypto assets.