Bitwise Officially Proposes Dogecoin ETF, From Joke to Serious Asset!

Bittime - Bitwise Asset Management has officially applied for registration for Dogecoin ETF. This ETF filing confirms Dogecoin's position as one of the digital assets that is attracting attention.

Even though it was originally created just as a joke, Dogecoin (DOGE) has proven that meme coins can no longer be taken lightly. Read this article to find out more!

Bitwise Files for Dogecoin ETF

Bitwise, one of the crypto index fund managers, has filed for Dogecoin ETF registration with the State of Delaware Department of Corporations. This information was confirmed directly by Bitwise's Chief Investment Officer, Matt Hougan.

The application for the Dogecoin ETF is a strategic step that shows that Bitwise is serious about accommodating investor demand for Dogecoin-based financial products. 

With the popularity of Dogecoin as the world's first meme coin, this ETF application is considered a response to the growing market interest.

Read Also: How Much Did $DOGE First Appear?  

Dogecoin ETF: From Joke to Serious Asset

Dogecoin was first created in 2013 by Billy Markus and Jackson Palmer as a fun or joke project, but now has a market capitalization of $54 billion and become seventh largest digital asset.

In recent months, Dogecoin has received a new boost thanks to the formation of Department of Government Efficiency (D.O.G.E.) under President Donald Trump's administration. 

Potential Dogecoin ETF

Bitwise's filing of a Dogecoin ETF isn't all that surprising. ETF Store President, Nate Gercai, previously stated that Dogecoin has great potential to become part of an ETF product. 

Dogecoin is the seventh largest digital asset. So, of course Dogecoin has caught the attention of ETF investors. Worst case scenario, Dogecoin will just be a marketing strategy for ETF issuers. 

However, just as Dogecoin's initial creation was just a fad, a Dogecoin ETF could also be a huge success.

Read Also: DOGE Price Prediction 2025: Potential Dogecoin Pump!  

Dogecoin FAQs

What is Dogecoin?

Dogecoin is a meme coin created in 2013 by Billy Markus and Jackson Palmer. Originally created as a joke, Dogecoin has now become one of the most popular crypto assets with a large and active community.

What is the Difference Between Dogecoin and Bitcoin?

Dogecoin has an unlimited supply, while Bitcoin has a maximum supply of 21 million coins. In addition, Dogecoin transactions are faster and have lower fees than Bitcoin, making them more suitable for everyday payments.

What is the use of Dogecoin?

Dogecoin is often used for online tipping, charitable donations, and micropayments. Apart from that, the community is also active in supporting social projects.

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Reference

The Block, Bitwise files Dogecoin ETF registration, firm confirms, accessed January 23, 2025.

Crypto News, Bitwise, CoinShares File for Dogecoin ETF with Delaware, accessed January 23, 2025.

Author: IPR