Bitwise has updated its ETF filing for Dogecoin and Aptos, signaling progress in the evaluation of these applications by the SEC.
Bitwise Filing Update
Bitwise has revised its Dogecoin and Aptos ETF applications, drawing attention from experts as the U.S. Securities and Exchange Commission (SEC) is actively involved in this process.
Importance of Application Amendments
Bloomberg Senior ETF Analyst Eric Balchunas noted that the update includes an 'in-kind' asset creation mechanism, allowing investors to create ETF shares or receive redemptions in cryptocurrencies. Balchunas stated, 'It seems almost certain that in-kind transactions will now be accepted across all spot ETFs.'
Approval Process and Recent News
The Dogecoin ETF application was filed on March 3, 2025, and supported by Coinbase Custody. After opening the application for public comment, the SEC postponed it on June 12 for further evaluation of market risks and investor protection measures.
The update from Bitwise and positive commentary from experts may indicate progress towards the approval of spot ETFs for Dogecoin and Aptos, although an SEC decision is still required.
