Key Highlights
Bitwise’s proposed Dogecoin ETF could automatically go live by November 26, marking a critical milestone for crypto ETFs—unless the SEC steps in to block it. The firm’s bold move to remove the delaying amendment under Section 8(a) of the Securities Act triggers a 20-day countdown, effectively putting pressure on regulators.
This strategy mirrors earlier successes seen with Bitcoin, Ethereum, and Solana ETFs, signaling Bitwise’s strong belief that Dogecoin meets all regulatory criteria. Analysts suggest the SEC is unlikely to intervene, given its recent approvals and shifting stance on crypto assets.
Dogecoin ETF Countdown: Bitwise’s High-Confidence Play
By invoking the Section 8(a) mechanism, Bitwise bypassed the SEC’s discretionary control over timing. The filing made on November 6 automatically becomes effective after 20 days, giving the SEC limited time to delay or deny approval. This move showcases Bitwise’s confidence in Dogecoin’s maturity and compliance readiness.
Why the SEC May Allow It
Experts, including Bloomberg’s Eric Balchunas, believe there’s little reason for the SEC to halt this ETF. The Commission has already approved spot ETFs for Bitcoin, Ethereum, Solana, and even secondary assets like Litecoin and Hedera, making it difficult to justify singling out Dogecoin.
Why Dogecoin Fits the ETF Model
Once mocked as a meme, Dogecoin has evolved into a major digital asset with billions in daily trading volume, deep liquidity, and a dedicated global community. Bitwise CIO Matt Hougan emphasizes DOGE’s strong fundamentals and market presence—qualities that make it well-suited for institutional investment products.
The ETF, expected to trade under the ticker “BWOW”, will feature a 0.34% management fee, temporarily waived to encourage early adoption. This competitive pricing further enhances its appeal to mainstream investors.
Potential Market Impact
If approved, the Dogecoin ETF would join Bitcoin and Ethereum as part of the elite spot ETF club, driving institutional inflows and expanding crypto’s legitimacy in traditional finance. Analysts predict this could pave the way for other altcoin ETFs, accelerating adoption across the board.
Institutional participation could stabilize Dogecoin’s price and reduce volatility—historically one of its biggest weaknesses—while increasing accessibility through regulated financial channels.
Beyond Dogecoin: A New Regulatory Era
Bitwise’s assertive strategy signals a broader industry shift. By removing the delaying amendment, it effectively challenges the SEC to defend any resistance to crypto ETFs. This approach reflects growing confidence among asset managers and a regulatory environment increasingly open to digital assets.
Dogecoin’s transformation—from an internet joke to a serious financial product—captures the evolution of the crypto industry itself. The line between meme and mainstream has never been thinner.