Bitwise, a renowned name in the crypto market, has recently made a filing with the Securities and Exchange Commission (SEC) of the United States. The filing, made public, reveals the company’s aspiration to launch a Dogecoin Exchange Traded Fund (ETF).
This move by Bitwise exhibits the increasing acceptance and recognition of Dogecoin in the crypto market. Once mocked as a meme cryptocurrency, Dogecoin has now paved its way to the mainstream, with a market capitalization that is impossible to ignore.
The filing with the SEC is a significant step forward for Dogecoin, as it could potentially lead to the creation of a Dogecoin ETF. However, the SEC’s approval is not guaranteed, and the process could be lengthy and fraught with challenges.
Despite the hurdles, Bitwise is confident about this move. If the SEC gives its nod of approval, this could potentially revolutionize the scope of Dogecoin and lead to increased investment in this meme-turned-major cryptocurrency.
