The post NYSE Arca Files to List Bitwise Dogecoin ETF: A Step Closer to SEC Approval?
- NYSE Arca has officially filed to list the Bitwise Dogecoin ETF, marking a significant step toward a regulated investment product for the memecoin. The exchange submitted a 19b-4 filing on March 3, setting the stage for potential SEC approval. If greenlit, this ETF would offer institutional and retail investors direct exposure to Dogecoin without requiring them to hold the asset themselves.
- Coinbase will serve as the custodian, while the Bank of New York Mellon will manage cash custody and administration. Rising Optimism for SEC Approval
- Market confidence in a Dogecoin ETF is climbing, with Polymarket showing a 67% chance of approval and Bloomberg analysts placing odds at 75% by 2025. This reflects a growing belief in regulatory acceptance of crypto-based investment vehicles.
- However, approval remains uncertain, and the SEC’s final decision could still sway either way.
- With the SEC now reviewing both Bitwise’s Dogecoin ETF and Grayscale’s Dogecoin Trust, the next few months could be crucial. A final decision on the Grayscale Dogecoin Trust is expected by mid-October, setting the stage for the potential mainstream adoption of Dogecoin as a tradable investment vehicle. However, until approval is confirmed, price volatility is likely to persist.
