Dogecoin ETF in 20 Days? Bitwise Pulls a Regulatory Speed-Run

Bitwise has initiated a rapid regulatory process for a spot Dogecoin (DOGE) ETF by submitting a Section 8(a) filing to the SEC, which starts an automatic 20-day countdown, potentially leading to a launch before November ends unless the SEC intervenes. This maneuver is described as bypassing typical bureaucratic delays, potentially facilitated by the current U.S. government shutdown which has slowed SEC operations. Bitwise plans to price the fund using the CF Dogecoin-Dollar benchmark. This follows the SEC's earlier rejection of a DOGE ETF bid in June. Although REX-Osprey launched an earlier DOGE ETF under the 1933 Act, Bitwise's move suggests a new blueprint for fast-tracking crypto ETFs. Meanwhile, DOGE price is up on the news, but whale wallets show significant distribution pressure, suggesting large holders may be selling into the hype.

(Source：Brave New Coin)