ETF Race Heats Up As Bitwise Files for Dogecoin Fund
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Bitwise, VanEck, Canary Capital, and 21Shares have registered their interest in issuing several new crypto exchange-traded funds (ETFs) in filings with the Securities and Exchange Commission (SEC).
Bitwise filed an S-1 registration with the SEC on Jan. 28th for a Bitwise Dogecoin ETF. On Jan. 22, the company moved to submit a registration filing for the Dogecoin ETF in Delaware.
If approved, it will be the first Dogecoin ETF in the market. This means that instead of buying and storing Dogecoin themselves, investors can buy shares of this ETF in their traditional trading accounts. The value of the shares depends on how much Dogecoin the fund owns, minus any fees and expenses.
Osprey Funds and Rex Shares previously filed for Dogecoin ETFs with the SEC but have not received a response.
Meanwhile, the CBOE exchange has submitted 19b-4 fillings for Solana ETFs with the SEC on behalf of Canary Capital, Bitwise, 21Shares, and VanEck.
Last year, the SEC rejected all applications for a Solana ETF, stating that it was not currently considering new applications. However, following Gary Gensler's exit from the agency and the inauguration of the Trump administration, applicants are undoubtedly hoping for a different result this time.
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