Bitwise Pushes Toward Spot Dogecoin ETF with Fresh $2.5M Backing
Bitwise Asset Management is getting ready to launch the very first U.S. spot Dogecoin ETF, and it's a clear sign that institutional...
Quick overview
- Bitwise Asset Management is set to launch the first U.S. spot Dogecoin ETF, indicating growing institutional interest in meme-based digital assets.
- The ETF, with the ticker BWOW, aims to track the CF Dogecoin-Dollar U.S. Settlement Price Index and is expected to list on NYSE Arca by the end of November.
- Bitwise plans to waive management fees for the first month and the first $500 million in DOGE assets to attract early investors.
- Following the ETF announcement, Dogecoin's price rose by 1.3%, reflecting renewed confidence among traders.
Bitwise Asset Management is getting ready to launch the very first U.S. spot Dogecoin ETF, and it’s a clear sign that institutional investors are really starting to get serious about investing in meme-based digital assets. Just recently the company put in its fourth amendment to the application, revealing all the important details like the ticker, who’s going to handle the assets, and just how much this is all going to cost investors. The US SEC will have to make a decision by November 12 – either it gets the green light or becomes live later this month – its a deadline that’s looming.
According to the latest S-1 filing, the point of the ETF is to track the CF Dogecoin-Dollar U.S. Settlement Price Index, which would make it pretty easy for investors to get their hands on Dogecoin’s spot price. Bitwise confirmed the ticker will be BWOW and theyre planning on listing it on the NYSE Arca by the end of November. Theyve also chosen Coinbase Custody to look after DOGE holdings and BNY Mellon for the cash reserves.
Bitwise have said theyre going to put in the seed capital investment, with an initial $200 investment increasing to a whopp 2.5 million – showing how much they really think this ETF has got a chance of flying.
🚨 BITWISE FILES FORM 8(A) FOR SPOT DOGE-ETF! 🚨
🔹 SUBJECT TO AUTOMATIC APPROVAL IF SEC TAKES NO ACTION WITHIN 20 DAYS.#DOGE #ETF #Crypto #SEC #Bitwise #CryptoNews #CryptoMarket pic.twitter.com/2WJ3zA5c9p
— Crypto News Hunters 🎯 (@CryptoNewsHntrs) November 7, 2025
Waiving Fees to Attract Early Investors
Bitwise have been pretty clear about their 0.34% management fee – but theyve also said that theyll be waiving all sponsor fees for the first month, and also for the first $500 million in DOGE assets. This move is all about getting a headstart and drawing in both institutional and retail investors to get moving.
Bloomberg ETF analyst Eric Balchunas pointed out that Bitwise using the 8-A filing process could make the ETF automatically effective within about 20 days, providing the SEC dont step in – but if they do before the November 12 deadline it could be trading as soon as next week.
Key highlights:
- Ticker : BWOW
- Listing Venue : NYSE Arca
- Custodian : Coinbase Custody
- Cash Custodian : BNY Mellon
- Seed Investment : 2.5 million
Dogecoin Price Rises on ETF News
Following the news about the ETF, Dogecoin (DOGE) surged by 1.3% to $0.166 , fluctuating within a 24 hour range of $0.1577 to $0.1661. Although trading volume dropped a bit by 2% to $1.92 billion, futures data from Coinglass suggests a 2.3% rise in open interest at 1.4 billion – a pretty good sign of renewed confidence from traders.
Meantime, 21Shares also submitted a revised Dogecoin ETF filing, listed as TDOG with a Nasdaq listing lined up. As things heat up a bit, Bitwise Dogecoin ETF could mark a major breakthrough for mainstream crypto adoption if its given the green light this month.
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