Bitwise Moves Closer to Dogecoin ETF Approval After Major SEC Filing Shift

Bitwise Asset Management has advanced its plans for a Dogecoin exchange-traded fund by filing updated S-1 documents with the U.S. Securities and Exchange Commission. The amendments include structural changes that mirror features seen in approved spot crypto ETFs, signaling serious progress toward regulatory approval.

Using the in-kind creation/redemption mechanism within the Dogecoin ETF framework is among the most distinctive introductions. This will decrease the dependence on cash transactions and can also simplify market operations; hence, the proposal is more welcomed by the SEC.

The latest position is an allayment to Bitwise’s previous filing to the SEC in January, which failed to draw in-kind mechanisms. With this structure adjustment, Bitwise seems to take action on the regulatory feedback from the prior rounds of discussions.

Bloomberg Senior ETF Analyst Eric Balchunas said in a note that the filing was the result of an active correspondence between Bitwise and SEC personnel. Balchunas pointed out that the mention of in-kind mechanisms would be an excellent fit with the winning formula of approved crypto ETFs in the recent past.

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Regulatory Filing Gains Momentum as Approval Odds Surge

While the Aptos ETF from Bitwise has not yet reached the same level of review, the Dogecoin fund has taken a more advanced regulatory step. The New York Stock Exchange has already filed a 19b-4 form for the Dogecoin ETF, which begins the official SEC evaluation process.

Analysts have responded positively to this development, increasing the likelihood of approval. Balchunas, together with other Bloomberg analyst James Seyffart, now forecast a 90 percent probability of the Dogecoin ETF lodging.

With a deadline of October 17, the SEC has several months to deliberate and approve (or not). Multiple issuers, such as Grayscale and 21Shares, have also filed Dogecoin ETF proposals, which would add competition to the altcoin ETF.

These announcements indicate an increased willingness on the part of regulators and issuers to proceed with altcoin financial products. By changing its filing strategies, Bitwise puts itself in a position to usher in the possibility of the next big round of crypto ETF approvals.

Conclusion

Bitwise’s revised Dogecoin ETF filing has brought it closer to regulatory expectations. With the SEC review now officially underway, the chances of approval appear stronger than ever.

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