Bitwise has filed a registration in Delaware for a potential Dogecoin exchange-traded fund (ETF), according to Matt Hougan, the firm’s chief investment officer.
When asked about the registration for a “Bitwise Dogecoin ETF” with Delaware’s Department of State’s Division of Corporations, Hougan confirmed that it was from Bitwise and was submitted a few hours earlier on Wednesday evening.
Dogecoin, which was originally created as a joke in 2013 by software engineers Markus and Jackson Palmer, has gained renewed popularity in recent months due to its establishment as the Department of Government Efficiency under former president Donald Trump.
With the creation of an ETF for Dogecoin being highly anticipated, ETF Store President Nate Gercai expressed surprise that no issuer had filed for it yet, calling it the 7th largest digital asset by market cap.
He also stated that even if it ends up being just a marketing expense for the issuer, the best case scenario would be securing an approval from the SEC and garnering support from Elon Musk.
