Bitwise Doubles Down: Dogecoin and Aptos ETF Amendments Signal Crypto’s Wall Street Takeover

Wall Street's crypto flirtation just got serious. Bitwise Asset Management fired the latest shot in the digital assets arms race today, amending filings for both a Dogecoin ETF and an Aptos-focused fund. The move signals institutional players aren't just dabbling—they're bulldozing into altcoin territory.

From meme coin to mainstream? Dogecoin's ETF prospects get a lifeline

Once dismissed as Elon Musk's pet project, DOGE now stares down a potential $1 billion+ ETF market. Bitwise's amended S-1 suggests the firm sees legs in the Shiba Inu-themed asset—or at least enough degenerate trader interest to justify the paperwork.

Aptos joins the ETF derby: Layer-1 blockchain gets institutional nod

The Facebook diaspora blockchain now has Wall Street's stamp of approval. Bitwise's parallel Aptos ETF push confirms what crypto natives knew: institutional money follows infrastructure plays, especially those with Stanford pedigrees and Move programming language buzz.

Regulators won't like this. The SEC's 'slow-walk the approvals' strategy just hit another hurdle as Bitwise forces their hand. Meanwhile, traditional finance dinosaurs mutter about 'speculative excess' while quietly allocating 2% of their portfolio to these very funds. The hypocrisy burns brighter than a proof-of-work mining rig.

TLDR

• Bitwise has amended its filings for both the Dogecoin ETF and the Aptos ETF.
• The updated DOGE ETF filing now includes in-kind creation and redemption mechanisms.
• The New York Stock Exchange has submitted a 19b-4 form for the Dogecoin ETF.
• Analysts have raised the likelihood of a Dogecoin ETF approval in 2025 to 90 percent.
• The Aptos ETF filing was updated, but has not yet received a 19b-4 submission.

Bitwise has updated its Dogecoin ETF and Aptos ETF filings, strengthening expectations of upcoming approval from the U.S. Securities and Exchange Commission. These amendments signal progress in the SEC review process, especially after similar activity around the Solana ETF weeks earlier. The filing activity aligns with predictions from Bloomberg analysts regarding rising approval odds for a DOGE ETF in 2025.

Dogecoin ETF Gains Momentum With In-Kind Structure Update

Bitwise submitted an amended S-1 filing for its dogecoin ETF, marking a critical change since its original January filing. The latest document now includes an in-kind creation and redemption mechanism, which was previously absent from the initial version. This addition aligns with evolving expectations that in-kind transactions will become standard in spot crypto ETFs.

The New York Stock Exchange has already filed a 19b-4 form for the Dogecoin ETF, initiating the formal approval process. Bitwise, Grayscale, and 21Shares have all applied to offer a Doge ETF, reflecting growing institutional interest in the asset. Bloomberg analysts Eric Balchunas and James Seyffart increased the approval likelihood for a Dogecoin ETF to 90% this year.

The SEC’s engagement with issuers, seen through these amended filings, supports the view that regulatory discussions are advancing. Analysts consider the DOGE ETF’s progress part of a broader regulatory shift toward spot crypto ETFs. The final decision deadline for the DOGE ETF stands at October 17, leaving the SEC several months to act.

Aptos ETF Filing Change Signals Ongoing Regulatory Coordination

Bitwise has also revised its registration statement for the Aptos ETF, although the NYSE has not filed a 19b-4 form for it. This suggests the approval process for Aptos may trail behind the Dogecoin ETF despite concurrent developments. Nonetheless, the update still indicates SEC interaction and sustained efforts by Bitwise to maintain momentum.

The Aptos ETF amendment follows Bitwise’s similar revision to its solana ETF earlier this month. These actions suggest strategic alignment across filings to match SEC expectations more closely. The timing and coordination reflect growing confidence among issuers as they continue refining their proposals.

Continued amendments and filing activity underscore Bitwise’s commitment to advancing both the Aptos and DOGE ETF products in a competitive timeline.