NYSE Arca has filed a proposal to list and trade shares of the Bitwise Asset Management Dogecoin ETF.
On March 3, the NYSE subsidiary filed Form 19b-4, which, if approved, would allow the exchange to list the Bitwise Dogecoin ETF, offering direct exposure to the popular memecoin.
According to the filing, Coinbase will act as custodian for the Dogecoin, while Bank of New York Mellon will handle cash custody, administration and transfer agency functions.
The ETF uses cash creations and redemptions, indicating that investors cannot exchange Dogecoin directly.
Bitwise filed an S-1 registration form for this product with the Securities and Exchange Commission in late January.