Bitwise’s Dogecoin ETF Nears Launch: Potential Approval Within 20 Days Post-SEC Filing (8a)
Wall Street's meme coin moment is here—whether it's ready or not.
Bitwise just dropped the regulatory equivalent of a 'to the moon' rocket with its SEC filing for a Dogecoin ETF. If approved, trading could go live in under three weeks.
The 8(a) filing loophole: Wall Street's new favorite shortcut for bypassing bureaucratic quicksand. Because nothing says 'serious financial instrument' like a cryptocurrency that started as a joke.
Analysts are already placing bets—not on whether DOGE will pump (it will), but on how fast institutions will FOMO into the shiba-themed ETF. The real question: Will Goldman Sachs traders keep straight faces while pitching 'fundamentals'?
One thing's certain: When the suits start chasing memes, the cycle's getting long in the tooth.
Bitwise Dogecoin ETF Moves Closer to Launch
Bloomberg Senior ETF Analyst Eric Balchunas reported that Bitwise has filed an 8(a) form for its Spot dogecoin ETF, which automatically goes into effect unless blocked by the SEC.
The move could position this crypto product as one of the first meme coin-based exchange-traded funds in the United States to provide investors with regulated exposure to the price movement of DOGE.
The anticipation follows the success of other altcoin ETFs, including REX-Osprey’s Doge and XRP products, which both recorded impressive trading volumes in their debut week.
Record-Breaking REX-Osprey DOGE and XRP ETFs
The first U.S. REX-Osprey DOGE and XRP Exchange Traded Funds launched on September 19 and saw a combined $54.7 million in trading volume on their first day.
It is worth noting that the REX-Osprey Doge ETF alone recorded $17 million in day-one trades from an estimate of $2.5 million. This outstanding feat saw the DOJE, which debuted last week, join the top five ETF products of 2025 out of over 700 listings.
Successful debuts indicate that demand from investors for meme coin and altcoin exchange-traded funds is growing fast, heralding a new era for crypto-linked financial products in traditional markets.
Macro and Technical Indicators Signal Fragile Sentiment
DOGE price currently trading at $0.1650, with a market capitalization of $25.09 billion. DOGE recently tested the support area of $0.161-$0.165 and the technical charts showed RSI (14) NEAR oversold levels at 32.18. While there are hints of a short-term bounce, DOGE still trades below its key moving averages: the 7-day SMA at $0.174 and the 200-day SMA at $0.210.
The market reflects weakness. It was down 1.78% over the last 24 hours, in line with the broader crypto market 1.57% fall. Lingering inflation fears, weak job data, and delayed Fed rate cuts have triggered risk-off sentiment among investors, moving them away from volatile assets like the meme coin.
Looking at the Dogecoin price prediction, a close below $0.16 could mean a further 10–15% slump toward $0.145, while regaining $0.174 would likely provide early signs of recovery.
Investor Outlook: Waiting on SEC Approval
The Bitwise Dogecoin ETF filing comes as investors seek more regulated ways to get exposure to crypto assets. If the SEC allows the 8(a) filing to take effect by late November, it could list before year-end.
Such an approval WOULD increase Dogecoin's credibility among institutional investors and open new avenues toward market participation.
Still, short-term sentiment remains cautious due to uncertain macro conditions and weak retail activity. Traders presently focus on two key events: whether Bitcoin can hold above $105,000 and the response of the SEC with respect to the Bitwise Exchange Traded Fund filing before November 26.
This article is for information purposes only and not a financial advice, coduct your own research.
