NYSE Arca certifies Bitwise Dogecoin ETF, signaling its imminent launch
NYSE Arca certified the listing for the Bitwise Dogecoin ETF (BWOW), paving the way for its potential launch as early as Wednesday.Summary
NYSE Arca has approved the listing and registration for the Bitwise Dogecoin ETF (ticker: BWOW), signaling its imminent launch, possibly as soon as Wednesday. This certification follows the recent launch of the Grayscale Dogecoin ETF and the REX-Osprey DOGE ETF, which utilized a different legal structure under the Investment Company Act of 1940. The Bitwise fund aims to provide exposure to Dogecoin's value, with Coinbase Custody Trust Company serving as the custodian. Dogecoin, currently the 10th largest crypto by market cap, has a history involving Elon Musk, whose past promotion led to a dismissed lawsuit alleging he orchestrated a pyramid scheme. The article also notes that other crypto ETFs tracking Litecoin, HBAR, XRP, and SOL are expected soon.
(Source：The Block)