Dogecoin: Bitwise Files for Spot ETF, Hints at Fast-Track Approval

The race for memecoin exchange-traded funds has taken a major step forward with Bitwise Asset Management officially filing for a spot Dogecoin ETF. This filing signals plans to go effective under Section 8(a) of the U.S. Securities Act, a fast-track process that could lead to approval within 20 days, unless the SEC intervenes.

The filing, dated November 6, 2025, represents a pivotal moment for Dogecoin’s institutional trajectory. This development follows closely behind multiple Bitcoin and Ethereum ETF launches that have already reshaped the crypto investment landscape.

Bitwise's Strategic Move Amid ETF Expansion

The Section 8(a) clause allows an ETF registration to automatically become effective after a 20-day period, provided the U.S. Securities and Exchange Commission (SEC) does not intervene. According to Bloomberg ETF analyst Eric Balchunas, this move indicates Bitwise’s intention to bring Dogecoin into the same regulated framework as Bitcoin and Ethereum as swiftly as possible.

This development occurs as Bitwise continues to expand its range of digital asset funds, building on the success of its Bitcoin (BITB) and Ethereum (ETHW) products. If approved, the Dogecoin ETF would be the first of its kind, offering institutional investors exposure to the prominent memecoin without the complexities of direct token custody.

Dogecoin's Ascent to Institutional Recognition

Initially conceived as an internet joke, Dogecoin has transformed into a widely traded cryptocurrency. It now boasts an active global community and significant on-chain volume. An approval for a spot ETF would signify a major symbolic victory, effectively acknowledging Dogecoin as a legitimate investment asset within the regulated U.S. market.

Industry analysts observe that the timing of this filing aligns with increasing retail and institutional interest in alternative cryptocurrency exposure, particularly amidst the volatile performance of Bitcoin and Ethereum. As memecoins like Dogecoin and Shiba Inu gain broader mainstream appeal, a regulated fund could attract new capital inflows and contribute to sector stability.

Industry Reactions: A Blend of Humor and Strategy

When Eleanor Terrett, a journalist for Fox Business, inquired about the updated DOGE filing, Bitwise provided a lighthearted response:

“Woof, woof.” 🐶

While the response was playful, it highlights Bitwise's reputation for strategic agility and marketing acumen in the dynamic crypto ETF sector. The filing also reflects a broader trend towards the mainstream legitimization of assets that were once primarily viewed as speculative or meme-driven.

The Path Forward

Should the filing proceed without SEC intervention, the Bitwise Dogecoin ETF could become effective before the conclusion of November 2025. This would mark another significant milestone in the integration of cryptocurrency with traditional financial systems.

Investors and market observers are closely monitoring this situation, not only for the potential approval of the ETF but also for its implications regarding the next stage of memecoin market adoption.