Bitwise Files for Dogecoin ETF

Asset management firm Bitwise has submitted an S-1 registration statement to the United States Securities and Exchange Commission (SEC) for a Bitwise Dogecoin ETF. This follows their recent registration of a legal entity for the same purpose, causing a price surge in Dogecoin (DOGE) at the time.

Bitwise Dogecoin ETF: A Closer Look

While details are still emerging, the prospectus reveals the fund will directly hold Dogecoin and use the Dogecoin-Dollar settlement benchmark provided by the CF trading platform to establish its Net Asset Value (NAV). A ticker symbol and listing exchange are yet to be announced, along with the sponsor fee. The fund aims to provide investors with direct exposure to DOGE, the leading memecoin.

Key Features (So Far):

• Direct DOGE Holding: The ETF will hold Dogecoin directly, offering transparent exposure.
• CF Benchmark: Net Asset Value (NAV) will be determined using the CF trading platform's Dogecoin-Dollar benchmark.
• Details Pending: The ticker symbol, exchange listing, and sponsor fee are yet to be disclosed.

Bloomberg Senior ETF Analyst James Seyffart commented that the full filing from Bitwise was expected.

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