Bit by Bit Files for Dogecoin ETF Registration in Delaware By PakGazette


PakGazette – Bitwise, a cryptocurrency asset manager, recently submitted an application to the Delaware Department of State’s Division of Corporations, seeking to register an exchange-traded fund (ETF) based on Dogecoin.

a digital currency widely recognized as the most important memecoin, it has a market capitalization close to $52 billion. Memecoins have been gaining more and more attention lately, following the successful introduction and subsequent rise of the official Trump memecoin, launched by former President Donald Trump, which has seen an increase of over 1,056% since its launch last Friday.

Billionaire entrepreneur Elon Musk is a well-known advocate of Dogecoin. He has even chosen to name the new Department of Government Efficiency (DOGE), which he oversees, after the popular memecoin.

Bitwise’s filing for the Dogecoin ETF is the latest development in the growing interaction between traditional finance and cryptocurrency markets. However, it should be noted that filing is only the first step in a potentially lengthy regulatory process and approval of a Dogecoin ETF is not guaranteed.

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