Crypto asset manager Bitwise has officially filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) to launch an ETF linked to Dogecoin (DOGE). This application is significant as it follows similar moves by other investment managers such as Rex Shares and Osprey Funds, both of which are also seeking approval for various crypto ETFs, including one for Dogecoin.

Bitwise’s filing, listed under the 40 Act, requires compliance with stricter regulations compared to that of the other firms, which submitted their requests under the 33 Act. Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, highlighted this distinction, indicating that the 40 Act imposes stronger investor protections, limits leverage, and requires more comprehensive oversight.

As part of its ongoing commitment to the crypto market, Bitwise has previously issued several crypto ETFs and maintains multiple pending applications, including one for an XRP ETF.

This move comes at a time of increasing optimism around meme-based assets, particularly following the change in leadership at the SEC under President Donald Trump, who has expressed support for cryptocurrency. His favorable views on memecoins have reinvigorated the market and sparked significant interest among investors.