Bitwise Asset Management Files for Dogecoin (DOGE) ETF as Trump Presidency Could Transform Crypto Regulations

In a significant development for both the memecoin and the broader cryptocurrency landscape, Bitwise Asset Management has filed for a Dogecoin ETF

Delaware: Bitwise Asset Management has filed for a Dogecoin ETF in the state of Delaware, a significant development for both the memecoin and the broader cryptocurrency landscape.

This application adds to the growing list of exchange-traded products that aim to provide investors with new ways to gain exposure to cryptocurrencies.

The timing of the new Dogecoin ETF filing is especially relevant due to the recent political landscape in the United States. As Donald Trump begins his second term in office, there is renewed optimism regarding the regulatory climate for cryptocurrencies.

During his first presidency from 2017 to 2021, Trump expressed intentions to foster a more favorable environment for digital assets, which stands in contrast to the regulatory scrutiny that characterized the Biden administration.

Under former President Joe Biden, the U.S. Securities and Exchange Commission (SEC), led by Gary Gensler, adopted a stringent approach to cryptocurrency regulation. This often manifested in a lack of clarity and an enforcement-heavy strategy that led to multiple lawsuits against key players in the digital asset space.

The regulatory landscape was marked by ambiguity, leaving many investors and companies uncertain about compliance and future opportunities. However, Trump's administration has already begun making regulatory changes aimed at supporting cryptocurrency innovation.

Recent appointments to key regulatory agencies and the establishment of a new crypto council within the White House signal a shift in focus. Observers believe these changes could pave the way for more cryptocurrencies to gain access to investment vehicles like ETFs.

Bitwise Leads The Charge With Dogecoin ETF Application

The filing for the Dogecoin ETF is also inspired by the success of similar investment products that debuted last year, particularly those focused on Bitcoin (BTC) and Ethereum (ETH).

These ETFs have seen substantial uptake from institutional investors, validating the demand for cryptocurrency-based investment options.

Bitwise is positioning itself as a key player in this emerging market, following its application for a Dogecoin ETF with similar filings for XRP and Solana.

Other asset managers are also seeking approval for ETFs involving Litecoin (LTC), Hedera (HBAR), and even additional memecoins such as TRUMP and BONK, as evidenced by recent applications from firms like REX Shares and Osprey.

As the ETF applications continue to pile up, it remains to be seen which cryptocurrencies will ultimately gain access to this new investment channel and how the regulatory landscape will evolve under the Trump administration.