NYSE Arca officially files to list the Bitwise Dogecoin ETF

NYSE Arca filed a form 19b-4 for Bitwise Dogecoin ETF
SECs decision is expected by mid-October 2025
Dogecoin price has dropped 15% to $0.19 despite the ETF optimism

NYSE Arca has taken a bold step forward by filing to list the Bitwise Dogecoin exchange-traded fund (ETF).

On March 3, 2025, the exchange submitted a 19b-4 form to the US Securities and Exchange Commission (SEC), a critical move that could bring a regulated Dogecoin investment product to market.

If the SEC gives its approval, this ETF would allow both institutional and retail investors to tap into Dogecoins potential without the complexities of directly owning the memecoin.

NYSE to partner with Coinbase and the Bank of New York Mellon for the ETF

The Bitwise Dogecoin ETF aims to simplify crypto investing by offering a familiar structure for those accustomed to traditional markets.

Coinbase, a leading name in cryptocurrency, has been tapped as the custodian for the ETFs Dogecoin holdings, ensuring secure management of the digital assets.

Meanwhile, the Bank of New York Mellon will oversee cash custody and administrative duties, lending further credibility to the proposal.

These partnerships underscore a growing convergence of traditional finance and the crypto space.

Market watchers are increasingly hopeful about the ETFs chances of approval. Polymarket, a prediction platform, currently shows a 67% likelihood of the SEC greenlighting the product, while Bloomberg analysts are even more bullish, pegging the odds at 75% before the years end.

Despite this optimism, the SECs stance on cryptocurrency ETFs remains unpredictable, though the recent dropping of several cases, including the Kraken case, could signal a regulatory shift under US President Donald Trump.

Alongside the Bitwise ETF, the SEC is also reviewing Grayscales Dogecoin Trust, with a decision expected by mid-October 2025.

Approval of either product could mark a turning point, transforming Dogecoin from a meme-driven phenomenon into a legitimate investment vehicle. However, until the SEC weighs in, price swings are likely to persist, keeping investors on edge.

Also, the Dogecoin ETFs arent the only altcoin products vying for regulatory approval. Nasdaq recently filed to list the Grayscale Hedera Trust, which would track the price of HBAR, Hederas native token. Simultaneously, the SEC is also evaluating ETF proposals for major altcoins like Cardano, Solana, Polkadot, Litecoin, and XRP.

This flurry of filings suggests that both memecoins and established altcoins are carving out a space in the regulated investment landscape, potentially broadening the appeal of crypto assets.

Dogecoin price slumps despite the ETF buzz

Interestingly, the filing hasnt shielded Dogecoin from the current crypto market turbulence. The memecoin has shed over 15% of its value, sliding to $0.19 as broader crypto volatility took its toll.

Dogecoins trading volume has also dipped by 16.80%, signaling a lull in market activity.

This downturn, commensurate with the broader crypto market crash, erased gains sparked by excitement over Trumps crypto reserve announcement, highlighting that ETF speculation alone isnt enough to buoy Dogecoins price in a shaky market.

The post NYSE Arca officially files to list the Bitwise Dogecoin ETF appeared first on CoinJournal.

Text source: CoinJournal: Home

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