Bitwise has reportedly registered a legal entity for a Dogecoin ETF, creating speculation of an imminent filing with the United States Securities and Exchange Commission (SEC). This development briefly boosted the price of Dogecoin, which touched $0.373 before settling near $0.36 at the time of reporting.
Bitwise Moves Toward a Dogecoin ET Filing
According to information accessed on the Delaware corporate registration website, Bitwise has created a legal entity named “BITWISE DOGECOIN ETF.” While this is not an official ETF filing with the SEC, it is considered a precursor to such a submission.
ETF registrations typically begin with the establishment of a legal structure before submitting Form S-1 to the SEC. Market observers expect Bitwise to file the required paperwork soon, adding Dogecoin to the growing list of cryptocurrencies targeted by exchange-traded fund issuers.
Bloomberg ETF analyst Eric Balchunas confirmed the registration, stating, “This is definitely legitimate and not an attempt to manipulate markets.” Balchunas also suggested that a DOGE ETF could debut by April 2025 if approved.
This A Breaking News, Please Check Back For More
The post Breaking: Bitwise Files for Dogecoin ETF, DOGE Price To $15? appeared first on CoinGape.