Bitwise Files S-1 Form With the SEC for DOGE ETF Proposal

• Bitwise has submitted a DOGE ETF to the SEC as part of its expanding crypto products.  
• The ETF aims to track Dogecoin’s market value and expose investors to the token.  
• The SEC must review the application and decide if it will approve its trading funds.

Bitwise has officially presented an S-1 registration to the U.S. Securities and Exchange Commission for a Dogecoin exchange-traded fund . The filing, announced on January 28, formally signals Bitwise’s intent to introduce a spot DOGE ETF. The move follows the firm’s registration in Delaware on January 22 in preparation for launching the product. Bloomberg ETF analyst James Seyffart noted on X that while this filing was expected, it solidifies Bitwise’s proposal before the SEC. 

 The Process Behind Bitwise’s Dogecoin ETF Application 

Bitwise must also submit a 19b-4 filing alongside the S-1 form to advance the approval process. This additional paperwork would trigger a timeline for the SEC to endorse or reject the ETF. Originally launched in 2015, Dogecoin has surged to a market capitalization of $47 billion, making it the eighth-largest cryptocurrency by market value.  

Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, highlighted that the application differs from similar proposals by Rex and Osprey. While many ETFs are filed under the ’40 Act, Bitwise opted for the ’33 Act. The latter is typically used for commodity-based ETFs, whereas the ’40 Act enforces stricter regulations, including limitations on leverage and short-selling. 

Market Sentiment and Regulatory Outlook 

The filing comes at a time of shifting regulatory sentiment in the United States, particularly in light of President Donald Trump’s return to office following his November victory. His administration’s approach is expected to bring greater regulatory optimism toward cryptocurrency investments.  

Bitwise’s Dogecoin ETF is part of a broader effort to expand its portfolio beyond Bitcoin and Ether ETFs. The firm has also submitted applications for spot Solana and XRP ETFs. In November, Bitwise sought to list the Bitwise 10 Crypto Index Fund on NYSE Arca, which would track the top 10 cryptocurrencies by market capitalization, including Polkadot, Uniswap, and Cardano   

Related: Dogecoin Shows Bullish Signals Amid 590M Whale Accumulation

Bitwise’s Strategic Expansion into Crypto ETFs

The significance of the 19b-4 filing cannot be overstated, as it forces the SEC to operate within a structured approval timeline. While the S-1 document is an essential first step, the 19b-4 submission signals a potential rule change at the stock exchange that intends to list the fund.  

As of now, Bitwise has not disclosed which trading platform will list the Dogecoin ETF. Additionally, no official ticker symbol has been assigned to the proposed product. However, the company clarified that the fund will directly hold Dogecoin and determine its net 

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