Crypto asset manager Bitwise has taken a major step toward bringing Dogecoin (DOGE-USD) to Wall Street, filing an S-1 document with the U.S. Securities and Exchange Commission (SEC) for a Dogecoin ETF. This follows similar filings from investment firms Rex Shares and Osprey Funds, but Bitwise’s approach is different—it filed under the ‘33 Act, a stricter regulatory framework typically used for commodity-based ETFs, according to Bloomberg Intelligence analyst Eric Balchunas.
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Trump Drives Memecoin Credibility
The timing of this filing is no coincidence. Under former SEC Chair Gary Gensler, memecoin ETFs were nearly impossible. But with President Donald Trump openly embracing crypto and even launching his own TRUMP and MELANIA tokens, the tide has turned. The market now sees memecoin ETFs as a real possibility.
If approved, Bitwise’s Dogecoin ETF could bring the viral meme-based cryptocurrency even deeper into mainstream finance.
At the time of writing, Dogecoin is sitting at $0.3310.
