DOGE ETF Progress: Bitwise Amends Filings for Spot Dogecoin and Aptos ETFs

Bitwise Asset Management has taken a significant step toward the potential approval of spot Dogecoin (DOGE) and Aptos (APT) ETFs by submitting amended S-1 registration statements to the U.S. Securities and Exchange Commission (SEC). The revisions, filed on June 27, 2025, include provisions for in-kind creations and redemptions, enabling authorized participants to exchange shares directly for Dogecoin. This development follows the SEC's earlier decision in June 2025 to delay the Dogecoin ETF, citing concerns over market risks and investor protection. The amended filings signal Bitwise's commitment to addressing regulatory requirements and could pave the way for broader institutional adoption of Dogecoin. While the SEC's final decision remains pending, this move has sparked Optimism among crypto investors, who view it as a positive indicator for DOGE's long-term growth potential in the regulated financial markets.

Bitwise Amends S-1 Filings for Spot Dogecoin and Aptos ETFs, Signaling Potential Approvals

Bitwise Asset Management has submitted amended S-1 registration statements to the SEC for its proposed spot Dogecoin and Aptos ETFs. The revisions include in-kind creations and redemptions, allowing authorized participants to exchange shares directly for Dogecoin. This move follows the SEC's June 2025 delay on the Dogecoin ETF, which cited market risks and investor protection concerns.

Bloomberg analysts, led by Eric Balchunas, now estimate a 90% chance of approval by October 2025. The SEC's engagement with fund managers mirrors its approach before approving spot Bitcoin ETFs last year, suggesting a pattern of cautious but eventual acceptance.

Market observers note the SEC is similarly evaluating spot Solana ETFs, indicating a broader openness to altcoin-based products. The approval process for dogecoin and Aptos may follow Ethereum's trajectory, where persistent filings and amendments preceded regulatory green lights.

Dogecoin Stabilizes Near 16 Cents Following Market Volatility

Dogecoin found footing at $0.158 after a 6% intraday drop, as traders capitalized on the dip amid broader market uncertainty. The memecoin's recovery was fueled by late-session buying, with 229M Doge changing hands in a single hour.

Geopolitical tensions and shifting risk appetite continue to drive cryptocurrency volatility. While DOGE remains sensitive to sentiment swings, its ability to hold support suggests underlying demand at current levels.

The asset traded between $0.167 and $0.158 before closing at $0.161, marking a partial rebound. Market observers note increasing social media activity around DOGE often precedes short-term price bounces.

Bitwise Advances Spot Dogecoin ETF Bid with Amended SEC Filing

Bitwise Asset Management has amended its S-1 filing for a spot Dogecoin ETF, signaling active engagement with regulators. The revised proposal includes in-kind creation/redemption mechanisms—a feature Bloomberg Intelligence analyst Eric Balchunas now considers "almost certain" for SEC approval across all spot crypto ETFs.

Competitors 21Shares and Grayscale are racing toward similar Dogecoin ETF launches, with approval odds exceeding 90% according to Balchunas and colleague James Seyffart. Despite the institutional momentum, DOGE trades at $0.162, down 1.8% amid technical indicators favoring sellers.

The meme coin has bled through June, failing to capitalize on ETF speculation. Market participants appear cautious despite the structural milestone—a recurring theme in crypto where regulatory progress often precedes price appreciation.