Highlights:
Bitwise, a crypto asset manager, could launch its proposed spot Dogecoin (DOGE) Exchange-Traded Fund (ETF) in about three weeks. Experts say this could make Dogecoin ETFs more common for investors. Bloomberg ETF analyst Eric Balchunas reported that Bitwise filed an 8(a) form for its Spot Dogecoin ETF. This type of filing automatically becomes effective after 20 days unless the U.S. Securities and Exchange Commission stops it. While uncommon, this procedure is fully permitted under existing regulations. This approach is typically used when firms expect the regulator will not act quickly.
If the schedule stays on track, the earliest the ETF could go live is November 26. The fund will hold Dogecoin directly, with tokens stored by Coinbase Custody and cash managed by BNY Mellon. The ETF will track DOGE’s spot price using the CF Dogecoin-Dollar Settlement Price. The ETF will use BWOW as its ticker and is expected to start trading on NYSE Arca. The asset manager set a management fee of 0.34% for the spot Dogecoin ETF and will waive the full sponsor fee for one month.
The development follows the strong debut of other altcoin ETFs, such as REX-Osprey’s DOGE and XRP funds, which recorded impressive trading volumes in their first week. REX-Osprey’s DOGE and XRP ETFs, which launched on September 19, saw $54.7 million in combined first-day trades. The DOGE ETF alone generated $17 million, surpassing initial estimates of $2.5 million, and ranked among the top five ETF debuts of 2025 out of over 700 listings.
Grayscale also updated its plans for a Dogecoin ETF. This could lead to a launch soon. Other firms are also seeking SEC approval for crypto ETFs, as investor interest in meme coin and altcoin ETFs rises rapidly. Approval would strengthen Dogecoin’s credibility with institutional investors and open new avenues for market participation.
At the time of writing, DOGE was trading at $1.657, reflecting a 2% increase in the past 24 hours. Meanwhile, the overall crypto market fell 1% as investors remain cautious. Concerns over inflation, weak jobs, and delayed Fed rate cuts are keeping them away from riskier coins.
Nearly half of ETF investors are showing interest in crypto ETFs, a level of demand that rivals interest in bond ETFs, according to Schwab Asset Management. In its latest ETFs and Beyond survey, Schwab reported that 52% of participants plan to invest in ETFs tracking US stocks.
Meanwhile, 45% said they are considering crypto ETFs, which matches the share looking at bond-focused ETFs. Bloomberg analyst Eric Balchunas said the demand for crypto ETFs was surprising. He said, “This was also shocking to see crypto tied with bonds for second place in where people plan to invest. Majorly punching above weight given crypto is 1% of total ETF aum [assets under management] while bonds are 17%.”
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