Grayscale and Bitwise Dogecoin ETFs Could Launch Within Days as SEC Review Clock Ticks
Grayscale’s Dogecoin ETF might launch as quickly as November 24, following a 20-day SEC overview clock triggered after its registration submitting. Bitwise additionally seeks computerized approval, marking a big step within the institutionalization of meme cash.
These filings point out a big shift in regulatory oversight as Multiple asset managers now compete to carry Dogecoin into conventional portfolios by tax-efficient and regulated automobiles.
SEC Review Process Accelerates Approval Timeline
This quicker timeline stems from Section 8(a) of the Securities Act of 1933. The provision permits registration statements to routinely turn into efficient 20 days after submitting, except the SEC takes motion.
Grayscale and Bitwise are utilizing this to skip the extra complicated 19b-4 trade rule process normally wanted for ETF launches.
The official SEC guidance confirms that registration statements achieve computerized effectiveness beneath Section 8(a) after 20 days. This shortcut has expedited product launches as institutional interest in cryptocurrency funding grows.
Bitwise filed its application on November 7. This might set the stage for a late November launch. Meanwhile, Balchunas predicts a November 24 launch for Grayscale, although he cautioned that affirmation depends upon official trade discover.
The SEC has acknowledged each filings, kicking off the regulatory overview and public remark interval.
Grayscale launched its Dogecoin Trust on January 31, 2025, as a precursor to the ETF application. The Trust allows traders to realize Dogecoin publicity with out direct possession, addressing custody and safety considerations which have deterred many establishments.
Commodity Classification Boosts Approval Odds
Dogecoin’s likely classification as a commodity, relatively than a safety, now performs a big position in its approval prospects.
This classification helps sidestep the authorized points which have slowed Solana and XRP ETF efforts, the place securities standing stays disputed.
The Federal Register filing for NYSE Arca’s proposed rule change immediately references Dogecoin beneath Rule 8.201-E, which covers “Commodity-Based Trust Shares.”
This aligns with the Commodity Exchange Act and indicators that each exchanges and the SEC take into account Dogecoin a commodity match for an ETF construction.
Bloomberg analysts predict a 90% likelihood of Dogecoin ETF approval, versus 95% for XRP. These estimates mirror rising confidence within the SEC’s openness to altcoin ETFs, following Solana ETF choices earlier this yr.
However, the method nonetheless requires a 240-day overview window after publication within the Federal Register. During this window, public enter can form the SEC’s remaining choice. The Commission could delay, request amendments, or subject cease orders if investor safety or market integrity is compromised.
Industry-Wide Institutional Push Gains Momentum
Meanwhile, the race for a Dogecoin ETF now extends past Grayscale and Bitwise. Leading asset managers, such as 21Shares, Rex Shares, and Osprey Funds, have filed related purposes, signaling an industry-wide consensus that meme coins are rising into institutional-grade funding merchandise.
21Shares filed its Dogecoin ETF registration on April 9, 2025, detailing custody with Coinbase Custody Trust Company. Using impartial, regulated custodians solutions SEC calls for for safe storage and institutional compliance, eradicating a significant barrier for conventional finance.
ETFs supply clear benefits over direct crypto holdings.
- In-kind creation and redemption permit tax effectivity.
- Regulated frameworks increase transparency and investor safety, options that spot buying and selling lacks.
These advantages enchantment to pension funds, endowments, and registered funding advisors with fiduciary obligations.
Industry observers predict that greater than 200 crypto ETF approvals shall be made by mid-2026. This pattern might drive large institutional capital flows and decrease volatility, shifting the market away from retail-dominated exercise and nearer to mainstream acceptance.
Despite this rising momentum, Dogecoin’s value has dropped, down 0.4499% within the final 24 hours. As of this writing, DOGE traded for $0.1543.
This means that ETF approvals could not ship speedy good points, however regular institutional demand might finally drive sustained development.
The coming weeks will reveal whether or not regulatory timelines align with market expectations. Should Grayscale and Bitwise reach launching earlier than year-end, Dogecoin would be part of Bitcoin, Ethereum, and Solana among the many few cryptocurrencies out there by US-regulated ETFs. Such a turnout would strengthen its standing inside the digital asset house.
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