Grayscale and Bitwise Dogecoin ETFs Could Launch Within Days as SEC Review Clock Ticks

Grayscale and Bitwise are nearing the launch of their Dogecoin ETFs, potentially as early as November 24th, after triggering a 20-day SEC review clock upon filing. This expedited timeline utilizes Section 8(a) of the Securities Act of 1933, bypassing the typical 19b-4 exchange rule procedure. Dogecoin’s likely classification as a commodity, rather than a security, is also boosting approval odds, as evidenced by a Federal Register filing referencing it under commodity-based trust shares. Multiple asset managers, including 21Shares, Rex Shares, and Osprey Funds, are also vying to launch Dogecoin ETFs, signaling growing institutional interest in meme coins. ETFs offer tax efficiency and regulated frameworks, appealing to institutional investors. Despite the positive outlook, Dogecoin’s price has recently decreased, but analysts predict a 90% chance of ETF approval, suggesting potential for sustained growth with increased institutional demand.

(Source：BeInCrypto)