Bitwise Files 8(a) Form for Spot Dogecoin ETF, May Go Live in 20 Days if SEC Doesn’t Intervene

• Bitwise filing may push Dogecoin ETF toward quicker trading access pending regulator response.
• Approval could expand DOGE exposure, drawing attention from traders expecting higher activity swings.

Bitwise filed an 8(a) form with the U.S. Securities and Exchange Commission on Thursday for a spot Dogecoin ETF. The process could allow trading to begin within 20 days unless the regulator halts the automatic approval window.

Bloomberg Intelligence’s Senior ETF analyst Eric Balchunas commented, 

The company’s strategy reflects a wave of similar filings that recently introduced Solana (SOL), Litecoin (LTC), and Hedera (HBAR) ETFs to U.S. markets. This latest development points to growing institutional interest in meme-based digital assets.

Dogecoin Closer to Regulated Trading Access

The SEC previously postponed Bitwise’s Dogecoin ETF application in June, shortly after delaying Grayscale’s similar filing. Now Bitwise has shifted to a different filing method. With this change, the SEC will have to make a faster decision. If the agency does not issue a ruling before the review period runs out, the request could be approved automatically.

Under the usual ETF approval path, issuers may wait longer and face possible objections during review. Under the 8(a) approach, a specific delaying amendment is removed from the S-1 filing. Once removed, the filing becomes effective automatically after 20 days, unless the regulator steps in with new action to pause or block it.

If approved, the Bitwise Dogecoin ETF would make DOGE one of the first non-Bitcoin, non-Ethereum cryptocurrencies to obtain a U.S.-listed spot ETF. The fund will hold Dogecoin directly and use the CF Dogecoin-Dollar Settlement Price to determine its net asset value.

Market watchers expect that institutional exposure through an ETF could boost retail demand. DOGE’s track record of price swings tied to speculation could amplify trading volumes once a regulated investment vehicle becomes available.

DOGE Double-Bottom Pattern Signals Potential Upside

At publication time, DOGE trades near $0.1648, showing an increase of nearly 1%  in the past 24 hours. Technical patterns on the shorter timeframe show a double-bottom structure, with a neckline around $0.16886.

A confirmed close above that level could open a path toward $0.17816, while the 200-period EMA around $0.19755 may act as upper resistance.

The Relative Strength Index (RSI) is at 44 and rising, signaling that selling pressure is easing. The MACD is also holding positive momentum, showing that buyers are still in control for now.

However, if Dogecoin falls under $0.15704, analysts caution that the current upward tone could fade. In that case, price may slide toward the June 22 low near $0.14270. That would be roughly a 13% drop from the current price.