Dogecoin ETF Wave Intensifies as Bitwise Joins Grayscale with NYSE Arca Listing

25.11.2025 21:30

The Bitwise Dogecoin ETF has received listing approval from NYSE Arca and is scheduled to begin trading under the ticker BWOW on Wednesday, November 26, 2025. This development comes just two days after the debut of the Grayscale Dogecoin ETF (GDOG), which saw limited activity on its opening day, testing market appetite for meme-coin investment products.

Bitwise accelerated its progress by removing a delaying amendment from its S-1 filing on November 6, triggering an automatic approval timeline under SEC rules and paving the way for NYSE Arca's certification. This move positions Bitwise ahead of numerous issuers in a crowded field, as over 90 altcoin ETF applications await regulatory consideration, reflecting a broader shift toward diversified institutional digital-asset exposure beyond Bitcoin and Ethereum.

Dogecoin's price reacted with volatility, initially surging more than 13% on anticipation of the Bitwise ETF, though it has since fluctuated amid broader market struggles, including Bitcoin ETF outflows and a risk-off mood. Additional institutional support includes the Franklin Templeton Crypto Index ETF (EZPZ), set to launch on December 1 and include Dogecoin, further legitimizing the coin.

Complementing the ETF wave, Coinbase Derivatives will enable 24/7 trading for Dogecoin monthly futures starting December 5, followed by the launch of US-style perpetual futures for altcoins on December 12, enhancing liquidity and accessibility for retail traders. Analysts question whether meme-coin enthusiasm can translate into sustained institutional interest, as the regulated ETF arena provides an early test for Dogecoin's evolution into a more established asset.