SEC Delays Bitwise Dogecoin ETF Decision to Late 2025
SEC Pushes Back Decision on Bitwise Dogecoin ETF
The U.S. Securities and Exchange Commission (SEC) has postponed its decision regarding the approval of the Bitwise Dogecoin ETF. A final ruling is now expected by November 12, 2025.
The initial proposal, filed by NYSE Arca in March, seeks to list and trade shares of the Dogecoin fund under existing commodity-based trust rules. While the SEC's initial deadline was in June, the agency initiated formal proceedings to more closely examine the filing.
This triggered a 180-day review, with an original deadline of September 13. The SEC has now extended this timeline by an additional 60 days to allow for further evaluation of the proposal and public comments.
Concerns about market manipulation, liquidity, and the suitability of Dogecoin for an ETF product have been raised, mirroring issues previously highlighted during Grayscale's Dogecoin ETF filing.
Arguments For and Against a DOGE ETF
Bitwise has positioned the ETF as a way to broaden investor options, emphasizing Dogecoin's liquidity and community support. Proponents believe the ETF could legitimize Dogecoin as an investment vehicle.
Skeptics, however, worry about the risks to retail investors. They advocate for the same level of scrutiny applied to Bitcoin and Ethereum ETF submissions.
The SEC has historically been cautious with crypto ETFs, with spot Bitcoin ETFs only recently approved in early 2024, followed by spot Ethereum ETFs after extended deliberation.
Approval of a Dogecoin ETF would be a landmark endorsement for meme-based cryptocurrency funds in the U.S. Some analysts had predicted a potential launch as early as September 11.
Such a move could pave the way for other meme coins and niche digital assets to seek ETF status.
Dogecoin's Market Performance
Despite the SEC delay, Dogecoin's value has remained relatively stable. Currently, DOGE is trading around $0.2407, down slightly for the day but up significantly over the past year.
- Over the past week, the token has gained more than 14%.
- In the last six months, it is up almost 40%.
- Compared to a year ago, Dogecoin has risen by over 150%.
However, Dogecoin remains known for its volatility, having dropped about 24% since the start of 2025, highlighting the potential for rapid price changes.