Crypto Asset Management Company Bitwise has filed a S-1 registration document with the US Securities and Exchange Commission (SEC), in which it has sought approval to launch the Spot Dogecoin Alternate-Traded Charity (ETF). This step can be a new and recognized way of investing in Dogecoin for Crypto Investors and Institution. This initiative of BitWise makes it clear that the interest of investors is increasing towards preparing a strong base in the traditional finance market for digital assets.
This registration application comes after an initial registration document filed in Delaware on 22 January. BitWise believes that Dogecoin is a highly traded and the sixth largest cryptocurrency according to the market cap and with them it is a good option for Crypto ETF Strategy. Its trading volume and high captilation make it attractive to investors. If you What is dogcoin If you want to know about this, you can click on the given link.
Dogecoin ETF’s rising demand
Dogecoin was initially popular as a “Memecoin” and has now emerged as a best investment option. Due to its growing popularity and market cap, now many other financial organizations such as Osprey Finans and Rex Stocks have also filed applications for Dogecoin ETF. This step of BitWise and giving more importance to Dogecoin than other crypto products indicate that Dogecoin is no longer a digital asset, but is being seen as a best option for investment.
BitWise’s Chief Investment Officer Matt Hugan says that the big market and trading volume of Dogecoin make it a good base for ETF. He believes that there is a large number of people investing in Dogecoin, who believe in this digital assets. Along with this recently ETFS application file of many cryptocurrency like XRP, Solana Were done.
American Government’s eye and Dogecoin ETF approval
Amidst the growing attention of the American government on digital assets, Donald Trump signed an order to create a government regulatory framework for cryptocurrency. After this, SEC has handed over the leadership of Digital Assets Regulation to Paul Atkins. This change may affect the approval of other Crypto ETF including DOGECOIN ETF.
This step of bitWise and the process of review by SEC can prove to be a significant turn for the Crypto sector. If BitWise gets approval, it can open new routes of investment for dogcoin and other cryptocurrency.
Conclusion
This step of Bitwise for DogeCoin is a sign of the new Era start of the crypto investment. At this time, when efforts to connect cryptocurrency with traditional finistic products are increasing, Bitwise’s moving towards Dogecoin ETF indicates that the Future of Digital Assets can make an important place in the mainstream investment. The arrival of dogcoin ETF will increase liquidity in Dogecoin and it can see a change in Dogecoin Value. At the same time, the approval of SEC can prove that the world of cryptocurrency is no longer a unrestable market, but it has also become an option of serious and stable investment.
