Bitwise has taken a step toward launching a Dogecoin ETF by submitting an S-1 registration form to the U.S. Securities and Exchange Commission (SEC).
The firm’s S-1 registration statement signals its intent to launch a DOGE-focused investment product, though key details remain uncertain.
While Bitwise has yet to confirm a ticker symbol or the exchange where the fund will be listed, the company has made it clear that the ETF will directly hold Dogecoin, tracking its value through the CF trading platform’s Dogecoin-Dollar settlement benchmark.
The fund’s Net Asset Value (NAV) will be determined accordingly, though specifics such as sponsor fees have not yet been disclosed.
This latest filing follows Bitwise’s earlier moves to establish a legal entity for the DOGE ETF, a step that initially boosted the token’s price. Industry experts, including Bloomberg’s Senior ETF Analyst James Seyffart, see the introduction of a Dogecoin ETF as an eventuality rather than a possibility, though SEC approval is still required.