Bitwise Asset Management is looking to launch a Dogecoin Exchange-Traded Fund (EFT), after registering with the Delaware Department of State. This is typically the first step before submitting a proposal to the SEC.
"This was from us," Bitwise Asset Management Chief Investment Officer Matt Hougan confirmed to The Block on Wednesday evening.
This development comes amid growing demand for meme coins, the anticipated loosening of regulations under Trump, and the success of Bitcoin and Ether ETFs in the United States and Hong Kong.
The coin was also recently bolstered by news of Elon Musk's appointment to the Department of Government Efficiency under Donald Trump.
Analysts speculate that even modest inflows into the Dogecoin ETF could propel DOGE prices skyward, mirroring the impact seen with Bitcoin ETFs.
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