The Bitwise Dogecoin ETF has received listing approval from NYSE Arca, clearing the way for trading to begin under the ticker BWOW on Wednesday, November 26, 2025. The green light comes just two days after the debut of the Grayscale Dogecoin ETF (GDOG), which saw only limited activity on its opening day, an early test of market appetite for meme-coin ETFs.
Bitwise Clears Procedural Hurdles With SEC
Bitwise’s progress accelerated after the firm removed a “delaying amendment” from its S-1 filing on November 6. Under SEC rules, this triggered an automatic approval timeline, paving the way for NYSE Arca’s certification. The move positions Bitwise ahead of a crowded field of issuers seeking to capitalize on institutional interest in altcoin exposure.
A Surge in Altcoin ETF Filings
The BWOW launch is one component of a much larger wave: more than 90 altcoin ETF applications are currently awaiting regulatory consideration. While Bitcoin and Ethereum products dominate flows, issuers are increasingly pushing for diversified offerings to meet institutional demand for broader digital-asset exposure.
Analysts say this rush reflects a turning point; traditional firms are no longer limiting crypto exploration to the two largest coins, even as overall market sentiment remains fragile.
Dogecoin Reacts With Volatility
The anticipation around Bitwise’s ETF initially sent Dogecoin up more than 13%, a sharp move that underscored how sensitive the meme coin remains to catalysts tied to mainstream adoption. Since then, the price has fluctuated as the broader crypto market has struggled through November, weighed down by heavy Bitcoin ETF outflows and a general risk-off mood.
Can Dogecoin Become a “Blue Chip” Crypto?
Some market watchers argue that regulated ETF structures could help Dogecoin evolve into a more established digital asset, giving institutions a compliant avenue for exposure to a coin traditionally driven by retail enthusiasm and internet culture.
However, the quiet debut of Grayscale’s GDOG raises questions about how deep real institutional demand runs. Whether BWOW will generate stronger activity, or face similar indifference, remains an open question as Dogecoin enters the regulated ETF arena.
With trading set to begin Wednesday, the Bitwise Dogecoin ETF will provide an early test of whether meme-coin enthusiasm can translate into sustained interest in regulated investment products.