Bitwise Files for Dogecoin ETF as Crypto Adoption Gains Momentum

Crypto asset manager Bitwise has submitted an application to launch a Dogecoin ETF, signaling growing acceptance of cryptocurrency among U.S. policymakers.

The filing, made with federal regulators on Tuesday, represents the latest step in Bitwise’s efforts to introduce a Dogecoin ETF, following the legal groundwork laid last week.

If approved, the fund would provide investors exposure to the price movements of Dogecoin, the eighth-largest cryptocurrency by market capitalization.

At the time of writing, Dogecoin is trading at $0.33, with the asset having reached a three-year high of $0.475 last November—coinciding with Elon Musk’s increased promotion of his planned extra-governmental agency, D.O.G.E.

Exchange-traded funds allow investors to gain exposure to assets without directly investing in them.

U.S. federal regulators approved Bitcoin and Ethereum-based ETFs in the first half of 2024, sparking a surge of institutional investment in digital assets.

According to a CoinShares report released Monday, digital asset-based funds have attracted over $4 billion in investments in 2025.

As new leadership takes charge at the U.S. Securities and Exchange Commission (SEC) under President Donald Trump, there is speculation that other crypto-based funds will soon receive approval.

Bitwise's filing for a Dogecoin ETF comes shortly after the firm registered a statutory trust for the fund through CSC Delaware Trust Company in Wilmington, providing the legal framework for the application.

This potential Dogecoin fund would complement Bitwise's existing offerings: The Bitwise Bitcoin ETF and Bitwise Ethereum ETF.

Additionally, the asset manager filed for Solana and XRP-based ETFs late last year to expand its digital asset investment products. Other issuers have followed Bitwise's example, applying to launch funds in the U.S. to hold cryptocurrencies such as Official Trump, Bonk, and HBAR.

The SEC typically has 45 days from the filing date to make an initial decision on ETF applications, with the option to extend its review multiple times. The final decision deadline is usually set within 240 days of the initial filing.