Bitwise has taken a significant procedural step that could lead to the launch of its spot Dogecoin ETF by late November 2025, signaling a growing acceptance of meme coins in regulated finance.
Countdown Commences
The asset manager updated its S-1 registration under Section 8(a) of the Securities Act by removing a delaying amendment. This action started a 20-day countdown, meaning the fund could automatically become effective and begin trading around November 26, unless the Securities and Exchange Commission (SEC) intervenes to stop or delay it. This strategy is permitted under US law and suggests Bitwise is confident the SEC won’t act against the fund, especially following the agency’s recent approval of other single-asset crypto products.
ETF Structure and Confidence
- Holding: The ETF will hold Dogecoin directly, with Coinbase Custody Trust Company handling storage and BNY Mellon managing cash.
- Tracking: It is designed to track the CF Dogecoin-Dollar Settlement Price.
- Listing: The fund is expected to list on NYSE Arca.
This move reflects a perceived shift in the regulatory environment, indicating the SEC is becoming more open to digital-asset exposure through tightly monitored products like ETFs.
Dogecoin’s Maturation
Dogecoin, which began as a light-hearted experiment, is now solidifying its status as a serious, investable asset. The REX-Osprey DOGE ETF was the first to bring the token into mainstream products in September 2025. Bitwise’s action is part of a broader trend, with analysts estimating a more than 90 percent chance that multiple Dogecoin ETFs could be trading by the end of the year, supported by the SEC’s increasing acceptance of crypto-based exchange-traded products.
November 2025, Cryptoniteuae
