The post Bitwise Prepares for Spot Dogecoin ETF Launch, Discloses Ticker and Fees appeared on BitcoinEthereumNews.com. Bitwise gears up to launch its spot Dogecoin ETF as the issuer amends its application to include ticker, fees, and other key details. The final deadline for the US SEC to decide on the exchange-traded fund (ETF) is November 12. Will the Dogecoin ETF tracking spot DOGE price gain approval next week or go auto-effective to list and trade later this month? Spot Dogecoin ETF by Bitwise Set to Launch in November Asset manager Bitwise submits a fourth amendment to its spot Dogecoin ETF application, according to an S-1 filing with the US SEC. The trust’s investment objective is to provide exposure to Dogecoin, tracking spot DOGE prices from the CF Dogecoin-Dollar US Settlement Price Index. The issuer discloses BWOW as the ticker symbol, with plans to list and trade on NYSE Arca by November-end. Coinbase Custody will serve as the custodian for safekeeping DOGE holdings for the Bitwise Dogecoin ETF. Also, BNY Mellon to serve as the cash custodian. Bitwise Dogecoin ETF. Source: Bloomberg’s Eric Balchunas Moreover, Bitwise Asset Management will serve as a seed capital investor. The firm has agreed to purchase $200 in shares on November 3, with a delivery of eight shares at a per-share price of $25. In addition, Bitwise Investment Manager plans to purchase the initial shares for $2.5 million. Bitwise spot Dogecoin ETF Announces Fee Waiver The asset manager revealed a management fee of 0.34% for the spot Dogecoin ETF. It plans to waive the entire sponsor fee for one month. It only applies to the first $500 million in total DOGE holdings from the listing date on the exchange. Bloomberg ETF analyst Eric Balchunas said, “Bitwise is doing the 8(a) move for their spot Dogecoin ETF, which basically means they plan on going effective in 20 days barring an intervention.” This means… The post Bitwise Prepares for Spot Dogecoin ETF Launch, Discloses Ticker and Fees appeared on BitcoinEthereumNews.com. Bitwise gears up to launch its spot Dogecoin ETF as the issuer amends its application to include ticker, fees, and other key details. The final deadline for the US SEC to decide on the exchange-traded fund (ETF) is November 12. Will the Dogecoin ETF tracking spot DOGE price gain approval next week or go auto-effective to list and trade later this month? Spot Dogecoin ETF by Bitwise Set to Launch in November Asset manager Bitwise submits a fourth amendment to its spot Dogecoin ETF application, according to an S-1 filing with the US SEC. The trust’s investment objective is to provide exposure to Dogecoin, tracking spot DOGE prices from the CF Dogecoin-Dollar US Settlement Price Index. The issuer discloses BWOW as the ticker symbol, with plans to list and trade on NYSE Arca by November-end. Coinbase Custody will serve as the custodian for safekeeping DOGE holdings for the Bitwise Dogecoin ETF. Also, BNY Mellon to serve as the cash custodian. Bitwise Dogecoin ETF. Source: Bloomberg’s Eric Balchunas Moreover, Bitwise Asset Management will serve as a seed capital investor. The firm has agreed to purchase $200 in shares on November 3, with a delivery of eight shares at a per-share price of $25. In addition, Bitwise Investment Manager plans to purchase the initial shares for $2.5 million. Bitwise spot Dogecoin ETF Announces Fee Waiver The asset manager revealed a management fee of 0.34% for the spot Dogecoin ETF. It plans to waive the entire sponsor fee for one month. It only applies to the first $500 million in total DOGE holdings from the listing date on the exchange. Bloomberg ETF analyst Eric Balchunas said, “Bitwise is doing the 8(a) move for their spot Dogecoin ETF, which basically means they plan on going effective in 20 days barring an intervention.” This means…