Bitwise has submitted an updated filing for its Dogecoin ETF, indicating potential approval from U.S. regulators. The changes in the documents have garnered attention from analysts.
Changes in Bitwise’s DOGE ETF Filing
Bitwise has amended its filings for the Dogecoin and Aptos ETFs to include in-kind creations and redemptions. This change, according to experts, may indicate high odds for approval from the SEC. Bloomberg analyst Eric Balchunas highlighted that this is a positive sign of SEC engagement.
High Chances of SEC Approval
With the change in leadership at the SEC, a more lenient approach to the crypto industry is being observed. Recent surveys show that the likelihood of approving most ETF filings in 2025 stands at 90% or higher.
Current State of the Dogecoin Market
As of now, Dogecoin is priced at approximately $0.1615, down 1.3% in the last 24 hours. The meme coin created by Billy Markus and Jackson Palmer is currently ranked ninth in the crypto sphere with a market capitalization of $24.2 billion.
The update of Bitwise’s Dogecoin ETF filing may represent a significant step toward regulatory approval for crypto ETFs in the U.S. With positive signals from the SEC, many industry experts believe that the likelihood of approval for this market has substantially increased.
