$TRUMP Theo CoinDesk, the cryptocurrency asset management company Bitwise has filed with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) linked to the price of dogecoin (DOGE). This filing, known as an S-1 document, is required for companies wishing to issue a new type of security and list on a public stock exchange. This move comes after investment management firms Rex Shares and Osprey Funds also filed for several cryptocurrency ETFs, including those linked to dogecoin and other memecoins earlier this month.

Bitwise's filing stands out because it was submitted under the '33 Act, unlike the filings from Rex and Osprey under the '40 Act. Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, highlighted this difference. S-1 filings under the '33 Act are typically used for commodity-based ETFs, niche, while filings under the '40 Act provide stronger investor protection by requiring issuers to comply with additional regulations.