Bitwise Asset Management has amended its ETF filings for Dogecoin and Aptos, potentially increasing the likelihood of SEC approval by the end of 2025.
Bitwise Filing Updates
On June 26, 2025, Bitwise Asset Management submitted an amended S-1 filing to the U.S. Securities and Exchange Commission regarding its ETFs for Dogecoin (DOGE) and Aptos (APT). These revisions are pivotal for the potential approval of altcoin ETFs, reflecting strategic adjustments amid enhanced SEC engagement patterns.
Potential Market Impact
The amendments include in-kind creation and redemption mechanisms, aligning with Bitwise's existing Bitcoin ETF model. This adjustment enhances operational efficiency and ensures tax-efficient practices. Approval of these ETFs may significantly impact the cryptocurrency market by broadening institutional participation and increasing liquidity.
Optimistic ETF Approval Projections
Market sentiment suggests an optimistic outlook for ETF approvals. Analysts from Bloomberg predict a 90% approval probability by the end of October 2025. Historical trends indicate that past ETF endorsements have driven similar market transitions and liquidity improvements.
The amendments to Bitwise's filings represent a significant step forward in the approval process for new ETFs for Dogecoin and Aptos, which experts believe could substantially impact the cryptocurrency market.
