DOGE ETF Countdown Begins: Bitwise Could Launch in 20 Days—Price Still Crashing

Bitwise is utilizing Section 8(a) of the Securities Act for its spot Dogecoin ETF, initiating a 20-day countdown for the registration statement to become effective unless the SEC intervenes. This strategy accelerates the timeline compared to traditional approval methods. This institutional development contrasts sharply with Dogecoin's current market performance, as DOGE has recently fallen significantly from its September high, illustrating a divergence between regulatory progress and speculative price action. Analysts suggest this institutionalization, supported by high approval probabilities for DOGE and XRP ETFs, signals a structural shift where regulated investment vehicles begin to reshape the meme coin market, potentially attracting new institutional capital.

(Source：BeInCrypto)