Crypto asset management giant Bitwise is hoping to launch a spot exchange-traded fund (ETF) for Dogecoin (DOGE).

Crypto asset manager Bitwise has uploaded documents to launch an exchange-traded fund (ETF) tied to the price of dogecoin (DOGE), a filing with the US. Securities and Exchange Commission on Tuesday shows. The filing, an S-1 document, is a requirement for companies seeking to issue a new security and be listed on a public stock exchange.

Bitwise has filed with the US Securities and Exchange Commission (SEC) to list an exchange-traded fund (ETF) that tracks the price movements of Dogecoin, the popular memecoin. The proposed Bitwise Dogecoin ETF would hold Dogecoin and aim to closely track the memecoin’s price fluctuations,

Dogecoin price could be preparing for a 10x rally or 900% shooting all the way to $3.0 amid demand as Bitwise filed for a spot DOGE ETF.

Bitwise has filed for a Dogecoin ETF, and crypto bettors on Polymarket believe there are now much higher chances a $DOGE ETF will be approved.

Dogecoin faces multiple market catalysts including a new ETF filing by Bitwise and connections to federal cost-cutting programs, while trading at $0.3316 amid analyst predictions of potential price appreciation.

A Dogecoin ETF could soon trade in the U.S. as Bitwise filed an application on Tuesday, following its registration of a trust last week.

Bitwise submits an S-1 filing for Dogecoin ETF amid growing interest and evolving crypto regulations led by recent government initiatives.

Bitwise files the first physically backed Dogecoin ETF under the ’33 Act, marking a milestone in regulated crypto investment.