Bitwise submits DOGE spot ETF application to the US SEC

ChainCatcher news, according to Cointelegraph, Bitwise submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC) on January 28, applying to issue a spot ETF product that tracks the price of Dogecoin (DOGE).

According to Bloomberg ETF analyst James Seyffart, Bitwise had previously registered a Dogecoin trust in Delaware on January 22. The product is intended to be custodied by Coinbase Custody, which is also a common choice for cryptocurrency ETF issuers.

It is worth noting that, in addition to the S-1 filing, Bitwise also needs to submit a 19b-4 filing to officially initiate the approval process. Currently, the application documents do not disclose information such as product fees, trading codes, and listing exchanges.