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Crypto asset management company Bitwise has registered a Dogecoin exchange-traded fund entity in Delaware, which could be a precursor to a future ETF based on the world’s largest meme coin.
If the ETF captures even a fraction of the inflows witnessed by successful spot Bitcoin ETFs, DOGE could reach astronomical heights due to increased demand.
DOGE ETF Bitwise File via Delaware Trust
According to a January 22 filing, Bitwise registered the Bitwise DOGECOIN ETF as a statutory trust through CSC Delaware Trust Company in Wilmington.
While such claims are often fabricated, such as the fake BlackRock I admitted something.
“Bitwise Doge ETF is probably coming soon…and yes, I checked and this is definitely legal,” Balciunas wrote to X.
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https://twitter.com/EricBalchunas/status/1882202309293433217
But experts say Delaware’s registration is just the first administrative step toward launching an ETF. This simply means that Bitwise will still need to file a comprehensive application with the SEC before any potential DOGE products can be brought to market.
The timing of Bitwise’s filing coincides with increased institutional investor demand for crypto exposure through regulated products, during a pivotal period for digital asset regulation in the United States.
President Donald Trump, who was inaugurated as the 47th president of the United States on January 20, has promised to create a more cryptocurrency-friendly regulatory environment for digital assets.
Bitwise’s registration application comes after asset managers Osprey Funds and Rex Shares submitted a number of proposals for crypto-based exchange traded funds (ETFs), one of which It was Dogecoin ETF.
Will Dogecoin price reach $15?
Dogecoin was created as a joke in 2013, parodying an industry that seemed impractical. However, the seventh-largest cryptocurrency has received a new lease of life in recent months thanks to the creation of the US Department of Government Efficiency (DOGE), which is now led by Elon Musk, a well-known fan of the DOGE token. In fact, the DOGE agency’s website briefly featured the iconic Dogecoin logo earlier this week.
Nevertheless, since President Trump announced the surprise Solana meme coin TRUMP, the price of DOGE has fallen by about 20%, down from its price of $0.4318. This is the original and still the most valuable meme coin by market capitalization. Monthly — Current mark is $0.35.
However, cryptocurrency analyst Ali Martinez believes that if the Trump administration’s new Securities and Exchange Commission approves a spot-market Dogecoin ETF, DOGE’s price will skyrocket to an astonishing $15.
