1 day ago
Bitwise officially filed the S-1 signifier for its spot Dogecoin (DOGE) exchange-traded money (ETF) with the US Securities and Exchange Commission (SEC) connected Jan. 28.
Additionally, Cboe re-filed the 19b-4 forms to commercialized Solana (SOL) ETFs from VanEck, Canary, Bitwise, and 21shares.
Bloomberg ETF expert James Seyffart highlighted that the marketplace expected the determination from Bitwise arsenic they registered a DOGE spot past week.
He added that this is not a imaginable “slam dunk” with a accidental of decidedly getting support by the SEC. Yet, Seyffart stated that the regulator’s caller medication could dainty DOGE-related products differently.
Bloomberg elder ETF expert Eric Balchunas highlighted Bitwise’s usage of the 1933 Act to record for its Dogecoin product. This is the aforesaid authorities that BlackRock’s spot Bitcoin ETF, the IBIT, came under.
Additionally, a 19b-4 signifier for Dogecoin ETF trading should beryllium filed, which Seyffart believes volition hap soon. Despite being a memecoin, DOGE is the 8th largest crypto by marketplace cap, priced astatine $0.32 arsenic of property clip per CryptoSlate data. It registered astir $2 cardinal successful trading measurement for the past 24 hours.
Bitwise CIO Matt Hougan precocious told the Financial Times that DOGE’s marketplace headdress and liquidity warrant its inclusion successful an ETF.
Third try
Another important question successful the US crypto ETF scenery was the Cboe re-filings for trading Solana ETFs. Seyffart explained that the erstwhile ones, which were Cboe’s 2nd try, were denied.
According to a late 2024 prediction, Seyffart and Balchunas expect Solana ETFs to beryllium approved successful the US. However, exchange-traded products tied to assets specified arsenic Litecoin (LTC) and Hedera (HBAR) volition perchance beryllium approved first.
Purpose Investments and 3iQ Digital Asset Management filed for Solana ETFs successful Canada yesterday.
Balchunas stated that Canada volition astir apt bushed the US successful approving a spot Solana ETF. There is simply a 35-year inclination of the US filing archetypal but being beaten by Canada connected motorboat owed to “more wide regulators.”
However, helium highlighted that things could beryllium different, arsenic the caller SEC administration’s attack to the filings is unclear.
The station Bitwise files Dogecoin ETF proposal, Cboe files Solana ETF applications for the 3rd time appeared archetypal connected CryptoSlate.
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