EddieJayonCrypto

 4 Mar 25

tl;dr

NYSE Arca has submitted a 19b-4 filing with the US Securities and Exchange Commission (SEC) to list and trade a Dogecoin (DOGE) exchange-traded fund (ETF) from Bitwise. The proposed ETF will hold Dogecoin as its main asset and determine its Net Asset Value (NAV) daily using the CF Dogecoin-Dollar Se...

NYSE Arca has submitted a 19b-4 filing with the US Securities and Exchange Commission (SEC) to list and trade a Dogecoin (DOGE) exchange-traded fund (ETF) from Bitwise. The proposed ETF will hold Dogecoin as its main asset and determine its Net Asset Value (NAV) daily using the CF Dogecoin-Dollar Settlement Price. Meanwhile, Grayscale and Rex Shares have also filed for a DOGE ETF, and market sentiment regarding a Dogecoin ETF approval in 2025 is turning increasingly optimistic. The latest data from Polymarket indicates a 67% chance of approval, while Bloomberg analysts predict a 75% chance of approval this year. This development marks a significant milestone for Dogecoin, despite broader macroeconomic conditions weighing heavily on its price. At the time of writing, DOGE traded at $0.19, reflecting a 15.79% drop in the past 24 hours.

The 19b-4 filing for the Dogecoin ETF comes over a month after Bitwise filed an S-1 with the SEC. As the 19-b details, the proposed ETF will hold Dogecoin as its main asset and determine its Net Asset Value (NAV) daily using the CF Dogecoin-Dollar Settlement Price, a standard pricing benchmark. This means the ETF’s value will closely track the market price of Dogecoin. Other than Bitwise, Grayscale and Rex Shares have also filed for a DOGE ETF. Notably, Grayscale’s Dogecoin ETF proposal is further along in the regulatory process, as the SEC has already acknowledged its filing. Meanwhile, market sentiment toward a Dogecoin ETF approval in 2025 is turning increasingly optimistic. The latest data from the prediction platform Polymarket indicated a 67% chance of approval, a substantial increase from 55% just a day earlier. This growing confidence is further reinforced by Bloomberg analysts, who have predicted a 75% chance of approval this year. This development marks a significant milestone for Dogecoin, a cryptocurrency originally launched as a joke in 2013 but has since become the top meme coin, boasting a market capitalization of over $28 billion. Despite the growing optimism, broader macroeconomic conditions have weighed heavily on DOGE’s price. At the time of writing, the meme coin traded at $0.19, reflecting a 15.79% drop in the past 24 hours. Trading volume has also taken a hit, showing a 16.80% decrease, signaling weakened market activity despite the ETF narrative.

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