The race to list the first Dogecoin ETF in the United States is underway.
What’s happening:
- Crypto asset management company Bitwise has officially registered a new corporation called Bitwise Dogecoin ETF with Delaware's Department of State Division of Corporations
Why it matters:
- Bitwise’s new company registration is widely speculated to be a preliminary step towards applying for a Dogecoin ETF with regulators and also comes just shortly after Rex Shares became the first asset management company in America to ever apply for a Dogecoin ETF
Going deeper:
- Dogecoin has started to go beyond being just a meme coin after becoming increasingly popular as a payment method after being adopted by large publicly traded companies such as Tesla (NASDAQ: TSLA) and AMC (NYSE: AMC)
- Bitwise is one of the largest asset management companies focused on crypto and has been aggressively expanding globally, including recently launching a Solana staking Exchange Traded Product on the Deutsche Borse Xetra stock exchange in Germany
The fine print:
- Bitwise has not yet officially applied for listing a Dogecoin ETF with the United States Securities and Exchange Commission
