The cryptocurrency market is entering another potentially transformative phase, as the U.S. Securities and Exchange Commission (#SEC ) begins active review of spot ETF applications for #Dogecoin ($DOGE ) and #Aptos ($APT ). These developments may signal a pivotal moment in the ongoing integration of digital assets into mainstream financial systems.
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đ Bitwise Updates Spot ETF Filings
Crypto asset management firm Bitwise submitted updated S-1 filings with the SEC on Thursday for proposed Dogecoin and Aptos exchange-traded funds. These updates include notable structural revisions, particularly the incorporation of "in-kind creations and redemptions."
This method enables ETF participants to transact directly in the underlying crypto assets rather than using cashâa mechanism that is more efficient for both liquidity providers and long-term investors.
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đ Analysts View In-Kind Model as a Positive Signal
According to Eric Balchunas, senior ETF analyst at Bloomberg, the revised filings are a strong indicator that the SEC is actively engaging with applicants. Balchunas noted on X (formerly Twitter) that the âin-kindâ model appears to be on track to becoming the industry standard, particularly for crypto-based ETFs.
He added that this model has long been anticipated by institutional investors and represents a maturing approach to ETF structures in the digital asset space.
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đŁ SEC Commissioner Signals Openness
SEC Commissioner Hester Peirce, widely regarded as one of the agencyâs most crypto-friendly voices, recently acknowledged that the in-kind method is under serious consideration. In public remarks, she stated that it is âvery likelyâ this approach will be adopted in future ETF frameworksâa clear signal of institutional support for altcoin ETFs.
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đ Could DOGE and APT ETFs Be Approved in 2025?
Bloomberg analysts now estimate that spot ETFs for altcoins like Dogecoin and Aptos have a 90% chance of being approved this year. The high probability reflects both the growing institutional interest in digital assets and the precedent set by successful Bitcoin ETF approvals in 2024.
Market participants have already begun repositioning, with notable capital inflows observed in both DOGE and APT markets following the announcement.
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đŹ Conclusion: A New Chapter in Crypto Finance
The SECâs engagement with spot ETF proposals for Dogecoin and Aptos suggests that mainstream financial recognition of alternative crypto assets is gaining momentum. Should these ETFs receive approval, the impact on price, liquidity, and overall market sentiment could be significant.
What began with the launch of Bitcoin spot ETFs now appears to be expanding to include meme coins and next-generation layer-1 protocols. A successful approval for DOGE or APT could mark the beginning of a new era in crypto investingâone where altcoins take a front seat in institutional portfolios.
Stay tuned as regulatory developments unfoldâDOGE and APT could be the next assets to make ETF history.
