Bitwise Files Application for a Dogecoin ETF

Bitwise, a firm specializing in crypto asset management, has applied for a Dogecoin ETF through a Delaware trust. However, this is only the first step as the trust still needs to be formally filed with the SEC for approval.

In recent news, there has been a spike in ETF filings ever since Gary Gensler stepped down as SEC Chair on Friday. One particular area of interest has been meme coin ETFs.

Rex Shares, another firm, also submitted applications for ETFs that include meme coins such as TRUMP, BONK, and DOGE, in addition to ETFs for Bitcoin and Ethereum.

If Dogecoin’s ETF application is approved, it could also experience a similar increase in demand and price.