Bitwise Eyes Dogecoin ETF Launch Under 8(a) Filing

Bitwise is making a bold move to bring Dogecoin into mainstream finance by filing an 8(a) application for an ETF. This streamlined process, enabled by the SEC’s revised shutdown plan, could allow for a swift launch of the fund without lengthy delays, potentially speeding up approval and boosting DOGE’s entry into mainstream investing. The recent success of REX-Osprey DOGE ETF, which launched with impressive trading volume, signals investor interest in this asset class. 8(a) filings typically provide a 20-day window before the SEC intervenes, allowing for faster ETF launches than usual. This move comes as the SEC’s approval process has been slowed due to the ongoing government shutdown, Bitwise’s strategic timing will be crucial in capitalizing on this unique opportunity.