NYSE Arca has filed a 19b-4 seeking approval to list Bitwise's Dogecoin ETF, with Coinbase Custody managing the Dogecoin holdings and Bank of New York Mellon overseeing the cash assets.
The US Securities and Exchange Commission (SEC) is currently reviewing multiple filings for exchange-traded funds (ETFs) that would invest in Dogecoin.
Earlier this year, NYSE Arca filed a 19b-4 to approve the listing of Bitwise’s Dogecoin ETF. The ETF, which would track the market value of Dogecoin using the CF Dogecoin-Dollar Settlement Price, is set to be managed by Coinbase Custody, while Bank of New York Mellon will manage the cash assets.
The filing follows Bitwise’s submission of an S-1 to the SEC.
Alongside Bitwise, other firms such as Grayscale and Rex Shares have also sought approval for a Dogecoin ETF. Grayscale’s application is further along in the SEC’s review process.
According to Polymarket, the probability of approval for a Dogecoin ETF has risen to 67%. Meanwhile, Bloomberg analysts predict a 75% chance of approval by 2025.
The development of a regulated Dogecoin ETF could signal broader regulatory acceptance of cryptocurrencies in traditional markets.
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