Crypto asset manager Bitwise has submitted an 8(a) form to the US SEC for its upcoming spot Dogecoin ETF, setting the stage for automatic approval within 20 days if the regulator raises no objections.
According to Bloomberg’s Eric Balchunas, the strategy, based on Section 8(a) of the Securities Act, enables registration to become effective without explicit approval.
The move reflects Bitwise’s intent to dominate the emerging market of meme crypto ETFs, following its successful Solana Staking ETF (BSOL), which saw $69 million in inflows on day one.
Grayscale has also made similar filings, suggesting growing institutional appetite for alternative crypto ETFs. Bitwise aims to list the Dogecoin ETF on a major exchange, strengthening its leadership in innovative digital asset products.
If successful, the Dogecoin ETF could mark a milestone for meme coins entering mainstream investment channels.
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