Bitwise Nears Historic Milestone: Spot Dogecoin ETF Set to Shake Up Crypto Markets in November

Wall Street's meme coin reckoning is here—Bitwise just dropped the regulatory equivalent of a 'to the moon' rocket.

After years of treating Dogecoin as a joke, institutional investors might finally get their golden ticket. The ETF issuer filed updated paperwork with the SEC last week, and whispers suggest approval could land before Thanksgiving.

Because nothing says 'serious financial instrument' like an asset that started as a Shiba Inu meme. (Take that, gold bugs.)

If approved, this would mark the first pure-play DOGE ETF—no futures contracts, no synthetic exposure. Just good old-fashioned spot market access for the people who still think 'diamond hands' is an investment strategy.

The move comes as crypto ETFs collectively hit $50B in AUM last month. Because apparently 2025's lesson is: if you can't beat the degenerates, join them—with a 2% management fee, of course.

• Bitwise amended its filing, starting the countdown for the potential Dogecoin ETF launch by November 26.
• ETF holds DOGE directly using Coinbase Custody, allowing regulated access without personal crypto wallets.
• Analysts expect several Dogecoin ETFs this year, signaling rising confidence and regulatory progress.

Bitwise has made a significant move, which could result in the arrival of its spot Dogecoin ETF before the end of November, marking a milestone in how the world of controlled finances will view the conception of meme currencies.

The firm amended the S-1 form according to Section 8(a) of the Securities Act, hence revoking the postponing provision that was hampering the whole process. By doing so, the countdown process of 20 days has started, and if the U.S. Securities and Exchange Commission does not intervene, then the dogecoin ETF will go live on November 26.

However, if the SEC decides to let the filing be effective on its own, then the launch will represent another chapter in how US regulators are dealing with investment products for digital assets.

Bitwise Shows Confidence in Changing SEC Attitude

Bloomberg ETF analyst Eric Balchunas pointed out the filing update on November 7, stating that Bitwise is “letting the clock run.” Under Section 8(a), the process is supposed to be delayed by the SEC if there are concerns; otherwise, it will be cleared in 20 days. Such a process is permissible but is uncommon with cryptocurrency funds.

Looks like Bitwise is doing the 8(a) MOVE for their spot Dogecoin ETF, which basically means they plan on going effective in 20 days barring an intervention. pic.twitter.com/y8jyxbYKXQ

Bitwise’s announcement is also an indication that the company is confident that the SEC will not oppose the ETF, particularly given the success the fund has already seen with other single-asset crypto ETFs previously approved in the early part of the current year.

How the Dogecoin ETF Will Work

The fund will invest in Dogecoin directly, with the assets held with Coinbase Custody, while any cash components will be managed by BNY Mellon.

It is designed to track the CF Dogecoin-Dollar Settlement Price, allowing investors to easily gain exposure to the actual price of the coin without having to worry about managing their own wallets or cryptocurrency security.

The ETF is scheduled to be listed on the NYSE Arca, but the ticker symbol or the management fee has yet to be announced by Bitwise.

The design is analogous to previous single-crypto ETF structures, marrying traditional markets with direct access to the cryptocurrency itself.

Dogecoin ETF Race Heats Up

Dogecoin was originally launched in 2013, initially created with the help of an internet meme. However, the involvement of Dogecoin with the traditional world of finance is gradually taking on a much more serious FORM these days.

In September of 2025, the Dogecoin-based ETF, the REX-Osprey Doge ETF, was the first of its kind to demonstrate the success of the regulated financial product on the Dogecoin network. Bitwise is now trying to capitalize on this trend.

There have been several updates from different asset managers about their own Dogecoin ETF filings, marking increased levels of competition and optimism. Bloomberg analysts currently believe there is over a 90% probability that multiple Dogecoin ETFs will be trading by the end of the year.

If Bitwise is successful, the result could spark a revolution, allowing meme coins to become common financial instruments on Wall Street.