Bitwise Asset Management Moves Closer to Launching Dogecoin ETF on NYSE

Bitwise Asset Management’s proposed Dogecoin exchange-traded fund (ETF) is advancing as NYSE Arca has filed a 19b-4 proposal to list and trade its shares. The ETF aims to provide investors direct exposure to Dogecoin on the New York Stock Exchange, with a structure as a Delaware statutory trust. It will track Dogecoin’s value while managing operational costs. The fund plans to directly hold Dogecoin, rather than using derivatives, and will incorporate Coinbase as the Dogecoin custodian. Interest in Dogecoin ETFs is growing with other firms, such as Rex Shares and Osprey Funds, also submitting similar proposals. If approved, the Bitwise Dogecoin ETF could significantly enhance trust and investor interest in cryptocurrency assets, particularly in the memecoin sector.