Bitwise Asset Management has filed amended S-1 registration statements for its proposed Dogecoin and Aptos ETFs with the U.S. Securities and Exchange Commission (SEC). This move reflects growing interest from regulators in such products.
Amended ETF Filings
Bitwise's amended S-1 filing includes provisions for in-kind creations and redemptions, allowing authorized participants to directly exchange shares for Dogecoin. This is expected to enhance market interest in the proposed ETFs.
Market Impact on Dogecoin and Aptos
The filings indicate that the SEC is likely to approve several similar products soon. This approach mirrors the SEC's previous engagement with fund managers before approving Bitcoin ETFs last year.
Approval Perspectives
Bloomberg analyst Eric Balchunas estimates a 90% probability of approval for the Dogecoin and Aptos ETFs by the end of October 2025. Concerns regarding market risks and investor protection initially do not impede the future legitimization of these products.
Bitwise's amended ETF filings for Dogecoin and Aptos signal an increasing interest from the SEC in approving new financial instruments. This could be a significant event impacting the dynamics of these cryptocurrencies in the market.
