Bitwise Files Application with SEC to Launch a Dogecoin ETF

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Bitwise Asset Management has officially submitted a registration for a Dogecoin exchange-traded fund (ETF) to the US Securities and Exchange Commission (SEC).

This move comes after the company submitted its registration to the Delaware Department of State’s Division of Corporations on Jan. 23, which was confirmed by the Chief Investment Officer, Matt Hougan.

This will be the first Dogecoin-specific ETF in the highly regulated US market, highlighting the recent resurgence of the meme-inspired cryptocurrency under the Trump administration, mainly due to the support of “First Buddy” Elon Musk.

Dogecoin was created in 2013 as a satirical token by Billy Markus and Jackson Palmer, but has gained serious traction in the market last year. While it was initially seen as a joke in comparison to other cryptocurrencies, its popularity has risen significantly.