Dogecoin ETF on the Horizon: Bitwise Increases Approval Odds with Amended Filing

Interest in a spot Dogecoin ETF is rapidly growing. Bitwise Asset Management has updated its filing with the U.S. Securities and Exchange Commission (SEC), taking another step toward the potential approval of this new investment product.

🔹 The Key Changes That Could Tip the Scales Bitwise was one of the first to file for a Dogecoin-focused ETF back in January. Now, it has submitted a revised proposal that includes a crucial update: the addition of "in-kind" creation and redemption mechanisms, allowing ETF shares to be exchanged directly for the underlying crypto asset. This move could enhance tax efficiency and reduce market impact during trading. The update comes as the SEC has delayed its decision on the Dogecoin ETF, citing the need for more time to assess the product’s compliance with legal standards. However, the new filing significantly boosts the chances of approval.

📈 Market and Expert Reactions According to Bloomberg ETF analyst Eric Balchunas, the inclusion of in-kind mechanisms is a “major update” that could pave the way for other altcoin ETFs. “This change isn’t just technical. It’s precedent-setting,” he said. Fellow Bloomberg analyst James Seyffart recently estimated that the chance of Dogecoin ETF approval is as high as 80%.

🔍 What’s Next? Interest in altcoin ETFs is surging — and Dogecoin isn’t the only one in the race. Other companies like Grayscale and 21Shares have also filed for Dogecoin ETFs. Meanwhile, Bitwise remains the sole applicant for an ETF based on the lesser-known altcoin Aptos (APT). The SEC is currently reviewing dozens of spot ETF proposals, highlighting growing demand among institutional investors for crypto-backed products. With the latest amendments and increasing engagement between issuers and regulators, approval of a Dogecoin ETF seems more realistic than ever.

#Dogecoin‬⁩ , #DOGE , #etf , #CryptoNewss , #CryptoMarket

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