Bitwise has filed an S-1 registration statement with the SEC to launch an exchange-traded fund (ETF) that tracks the price of Dogecoin.
According to the filing, the Bitwise Dogecoin ETF would hold Dogecoin directly and would seek to closely mirror the memecoin's price movements.
James Seyffart, ETF analyst at Bloomberg, noted in X that Bitwise had already applied to register a Dogecoin trust fund in Delaware on Jan. 22. "But this makes it official with the SEC," he said.
The filing comes amid a flurry of crypto ETF proposals in the United States. Issuers such as Osprey Funds, REX Shares and Tuttle Capital have filed proposals for funds that track or leverage bets on tokens such as Dogecoin.