DOGE ETF Inches Closer to Reality! 🚨
Bitwise has just filed an amended S-1 for its spot Dogecoin ETF, signaling serious momentum with the SEC. The update includes in-kind creations and redemptions, a structural shift that could boost tax efficiency and approval odds.
🔍 Why it matters:
- SEC engagement is heating up
- In-kind model = less slippage, more efficiency
- Analysts now peg approval odds at 90% before the Oct 17 deadline
🐶 If approved, DOGE joins BTC & ETH in the ETF elite club—opening doors for institutional exposure to the original meme coin.
📉 Despite the buzz, DOGE is still trading at ~$0.16, down 30% this month. Could this be the calm before the moon? 🌕