Key Points
- •Bitwise aims to launch a Dogecoin ETF.
- •Spot ETF anticipated by November 2025 subject to SEC.
- •ETF follows BTC and ETH spot launch trends.
Bitwise Plans Spot Dogecoin ETF Launch
Bitwise Asset Management plans to launch a spot Dogecoin ETF as early as November 26, 2025, pending SEC actions, with Coinbase Custody and BNY Mellon as key partners.
The spot Dogecoin ETF could enhance institutional access to Dogecoin, driving potential market volatility and investor interest in this digital asset.
ETF Structure and Partners
Bitwise Asset Management is set to launch a spot Dogecoin ETF. The fund will hold direct DOGE exposure. Launch is possible by November 26, 2025, pending SEC non-intervention. The company manages over $12 billion in crypto assets.
The ETF will track the CF Dogecoin-Dollar Settlement Price. Coinbase Custody will handle crypto custody, while BNY Mellon will manage cash assets. Bitwise’s filing uses a mechanism allowing automatic approval within 20 days if the SEC does not object.
Potential Market Impact and Investor Interest
Analysts believe the ETF could lead to increased interest in Dogecoin, especially among institutional investors. The announcements have already spurred a 590 million DOGE accumulation by major holders. DOGE’s price saw a brief rise after the news.
The financial significance is tied to the potential for formalized cryptocurrency investments. This marks a continuation of similar products for Bitcoin ETF and Ethereum ETF markets. Market volatility is expected, reflecting broader trends seen in past ETF launches.
Market Reactions and Regulatory Outlook
Market reactions are mixed, with Polymarket polls indicating uncertainty about the SEC’s decision. Some analysts suggest potential regulatory challenges given past SEC scrutiny on crypto ETFs. As Eric Balchunas pointed out, "Bitwise Doge ETF likely coming soon.. and yes I checked and this is def legit (vs some whack job committing forgery for a quick pump a la BlackRock XRP that one time)." The launch timing aligns with a possible shift in regulatory stances.
Historical market impacts from ETFs suggest a boost in asset engagement and liquidity. With Dogecoin’s strong community backing, this new opportunity could alter the asset’s financial landscape, potentially stabilizing its long-term market role.