Bitwise Shakes Up Crypto: Spot Dogecoin ETF Nears Approval – Just 20 Days Away

Wall Street's meme coin moment arrives as Bitwise drops an 8(a) filing for the first-ever Spot Dogecoin ETF.

The countdown begins: Regulators have 20 days to rubber-stamp what could be the most divisive crypto product since Bitcoin futures.

Why it matters: Institutional DOGE exposure just got real—whether the market's ready or not.

The cynical take: Another speculative vehicle for hedge funds to 'disrupt' finance with an asset that started as a joke. Classic 2025.

The crypto ETF race is heating up again, and this time, it’s Dogecoin’s turn. Bitwise, one of the largest digital asset managers in the U.S., has filed an 8(a) form to launch the first spot Dogecoin (DOGE) ETF, with potential approval expected in just 20 days unless the SEC intervenes.

If approved, this would mark another major milestone for crypto ETFs after the success of Bitcoin and ethereum spot products earlier this year.

Bitwise Uses Fast-Track SEC Process

According to Bloomberg ETF analyst Eric Balchunas, Bitwise recently updated its S-1 registration form, removing what’s known as a “delaying amendment.” This MOVE triggers the Section 8(a) process of the U.S. Securities Act, meaning the ETF can automatically go effective 20 days after the filing if the SEC takes no action.

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

This means that Bitwise has now set a countdown in motion. If the SEC remains silent, the Spot Dogecoin ETF could be approved by November 26, 2025.

This strategy reflects Bitwise’s confidence that the Commission won’t intervene, especially given the growing regulatory acceptance of crypto-based ETFs.

Timeline For Dogecoin Approval

The SEC had previously extended its review of Bitwise’s Doge ETF multiple times since its initial filing in March 2025, citing concerns over Dogecoin’s volatility, liquidity, and potential for market manipulation.

Perhaps, now if the SEC doesn’t step in, Bitwise’s spot Dogecoin ETF could officially launch by November 26, 2025.

Other ETFs Waiting For Approval 

Excitement around Bitwise’s Dogecoin ETF has also pushed other firms into action. Grayscale has filed a similar application, starting its own countdown toward potential approval.

Several asset managers are now racing to launch spot crypto ETFs, and if approved, Dogecoin could become one of the first altcoins with a U.S.-listed spot ETF, giving both retail and institutional investors easier, regulated access to DOGE.

Dogecoin Price Reacts to ETF Hype

Following the news of Bitwise’s updated filing, Dogecoin’s price jumped nearly 1%, even as the broader crypto market traded in red. The move underscores renewed optimism that DOGE could soon enter the ETF spotlight alongside major assets.

If all goes smoothly, the coming weeks could mark the start of a new phase, where even meme coins like Dogecoin find a home on Wall Street.