- ETF would hold DOGE directly, with Coinbase and BNY Mellon as custodians.
- REX-Osprey DOGE ETF launched in September 2025, setting a precedent.
- Analysts see a 90% chance of multiple Dogecoin ETFs trading by year-end.
Bitwise has taken a procedural leap that could see its spot Dogecoin ETF go live by late November, signalling a turning point for both regulatory practice and the mainstream acceptance of meme coins.
The asset manager updated its S-1 registration under Section 8(a) of the Securities Act, removing a delaying amendment that kept the fund from automatically becoming effective.
This change started a 20-day countdown, meaning the fund could launch unless the Securities and Exchange Commission (SEC) intervenes.
If unchallenged, the ETF could start trading around 26 November, marking a new milestone in digital-asset regulation.
Filing move reflects growing confidence in SEC approach
The update, noted on 7 November by Bloomberg ETF analyst Eric Balchunas, allows Bitwise to “let the clock run.”
Under Section 8(a), an ETF filing automatically takes effect after 20 days unless the SEC acts to stop or delay it.
This strategy is not common but fully permitted under US securities law.
It indicates that Bitwise is confident the SEC will not act against the fund in time, especially given the agency’s recent approval of several single-asset crypto products.
The regulatory shift suggests that the SEC is becoming more open to digital-asset exposure through tightly monitored instruments such as ETFs.
Inside Bitwise’s Dogecoin ETF structure
The proposed product will hold Dogecoin directly, storing tokens with Coinbase Custody Trust Company, while BNY Mellon will manage its cash reserves.
It is designed to track the CF Dogecoin-Dollar Settlement Price, offering investors direct exposure to the token’s spot performance.
Although Bitwise has not yet disclosed the ticker symbol or management fee, the ETF is expected to list on NYSE Arca.
Its design mirrors that of earlier single-asset crypto ETFs, which blend traditional finance infrastructure with digital-asset markets to provide institutional-grade access to cryptocurrencies.
Dogecoin ETFs move from novelty to serious investment class
Dogecoin, initially launched in 2013 as a light-hearted experiment, has transformed into an investable asset within regulated markets.
The REX-Osprey DOGE ETF, which launched in September 2025, was the first to bring the token into mainstream financial products.
Bitwise’s latest filing follows a broader wave of interest among asset managers.
Several issuers have recently updated or resubmitted their applications, often cutting fees to gain an early competitive edge.
Bloomberg analysts estimate a more than 90 percent chance that multiple Dogecoin ETFs could be trading by the end of the year, supported by the SEC’s gradual acceptance of crypto-based exchange-traded products.
