Hold Your Horses, Doge Fans: Bitwise Might Launch ETF in 20 Days (If the SEC Doesn’t Panic)

Bitwise’s spot Dogecoin ETF could launch within 20 days through an automatic approval process, marking a significant milestone in crypto institutionalization. Because nothing says “financial maturity” like a meme coin getting institutional approval, right? 🐕💸

Bloomberg ETF analyst Eric Balchunas reported that Bitwise is utilizing Section 8(a) of the Securities Act, which allows registration statements to become effective automatically unless the SEC intervenes. This development occurs amid subdued DOGE prices, highlighting a disconnect between market performance and institutional adoption. Translation: “The grown-ups are here to play, but the party’s already over.” 🥂📉

Section 8(a) Strategy Accelerates DOGE ETF Timeline

Bitwise’s approach leverages a regulatory pathway that bypasses traditional approval mechanisms. According to Balchunas, “Bitwise filed an 8(a) for its Doge ETF, which starts a 20-day countdown to it going effective (unless SEC steps in).” Oh, how thrilling! It’s like watching a bureaucratic game of chicken. 🚪📜

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.

– Eric Balchunas (@EricBalchunas) November 6, 2025

Grayscale has similarly submitted amended filings for its spot Dogecoin ETF, initiating comparable countdown periods. Last week, three crypto ETFs tied to SOL, LTC, and HBAR made their Wall Street debut. These established precedents for altcoin investment vehicles beyond Bitcoin and Ethereum. Because when you’re knee-deep in altcoins, why stop at one? 🚀💸

The Section 8(a) mechanism enables automatic effectiveness after a specified period, unlike the traditional 19b-4 exchange rule approval process. However, the SEC retains authority to intervene if regulatory concerns arise, creating uncertainty despite the procedural advantage. Spoiler: They’ll intervene. They always do. 🎭🛑

Price Decline Contradicts Institutional Interest

DOGE fell from a high of $0.297 in September to $0.155, representing a peak decline of 48%. This downward trajectory stands in stark contrast to accelerating institutional product development. The divergence indicates that ETF development timelines operate on fundamentally different cycles than speculative trading patterns. Institutional investors love a good fire sale, don’t they? 😏🔥

Behold, the chart that looks like a rollercoaster after a bad decision! 🎢😅 Market analysts note that meme coin volatility differs substantially from that of established cryptocurrencies. DOGE’s price movements remain heavily influenced by social media sentiment and retail trading activity. Pro tip: Check TikTok for the next “buy” signal. 📵📉

Institutionalization Reshapes Meme Coin Market Structure

The progression toward DOGE ETF approval signals a structural transformation in how meme coins integrate into regulated financial systems. Bloomberg analysts estimate the probability of XRP ETF approval at 95% and the DOGE ETF at 90%, reflecting regulatory comfort with meme-coin investment products. Industry observers anticipate over 200 crypto ETF approvals by mid-2026, suggesting the current wave represents the initial stages of comprehensive altcoin institutionalization. Next up: A Shiba Inu IPO. 📈🐕

The SEC, ever the party pooper, is still “reviewing” 155 crypto ETFs. But hey, at least they’re not outright banning them this time! 🧼🎈 ETF structures offering in-kind creation and redemption provide tax efficiency and cost advantages for institutional investors. The shift from speculative asset to investment product fundamentally alters DOGE’s market positioning, potentially attracting capital flows previously excluded by custody or compliance restrictions. In other words: Get ready for Doge 2.0-now with 100% more bureaucracy! 📜🐕

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2025-11-07 13:05