Dogecoin ETF in the Pipeline: Bitwise Seeks SEC Approval with New Filing

The crypto ETF race is heating up again—this time with Dogecoin in the spotlight. Bitwise Asset Management has taken a significant step forward by amending its S-1 filing with the U.S. Securities and Exchange Commission (SEC) to include in-kind creation and redemption mechanisms. 

This move brings the long-speculated Dogecoin ETF closer to reality and positions Bitwise at the forefront of altcoin-based investment products. 

The amendment reflects a maturing relationship between crypto issuers and regulators, following the earlier approval of Bitcoin and Ethereum ETFs. With growing optimism, investors are watching closely as the SEC engages more actively on altcoin proposals.

What’s New with Bitwise’s Dogecoin ETF

On June 26, 2025, Bitwise Asset Management submitted a revised S‑1 registration for its spot Dogecoin ETF, incorporating a key feature: in‑kind creations and redemptions. 

This lets broker-dealers trade ETF shares directly for DOGE tokens (and vice versa), avoiding the cash conversion process that previously triggered taxable events.

READ ALSO: Could Dogecoin (DOGE) Become an ETF? Examining Its Potential in 2025

Why ‘In-Kind’ Matters

In-kind mechanisms are standard in traditional commodity ETFs because they improve liquidity, reduce tracking error, and help users avoid tax drag. 

The SEC’s acceptance of this structure in Bitwise’s Dogecoin filing strongly mirrors the approval path taken by spot Bitcoin and Ether ETFs, hinting at a growing regulatory comfort with altcoin products.

Signs of SEC Involvement

The amended filing follows the SEC’s recent delay of the Dogecoin ETF review on June 12, suggesting the agency is now in active dialog with Bitwise regarding the fund’s structure and compliance protocols.

Industry expert Eric Balchunas from Bloomberg stated the revisions are “good signs,” pointing to a 90% approval likelihood by late October 2025, based on SEC precedent and other altcoin filing patterns.

Competitive Landscape Intensifies

Bitwise isn’t alone. Firms like 21Shares and Grayscale are also vying to launch Dogecoin-related investment products. 

The inclusion of in-kind redemptions could give Bitwise an edge by aligning its ETF with recognized industry best practices.

What This Means for DOGE Investors

Despite the positive regulatory signals, DOGE’s price remained flat on the day of the filing, hovering around $0.16 with a slight 2% dip. Investors should note:

• Institutional demand may rise if approval comes through.
• In-kind structures can set new standards for tax-efficient ETF access.
• Altcoin-tracking ETFs remain vulnerable to broader crypto market sentiment, especially fluctuations in Bitcoin and Fed policy.

Outlook: When Could We See a Dogecoin ETF?

If the SEC engages and a 19b‑4 form is filed, a 240‑day regulatory review clock begins. 

With positive momentum growing and US spot crypto ETF approvals on the rise, late 2025 could be a realistic timeframe for DOGE ETF listing—potentially through major platforms like Bitrue, which already supports DOGE trading.

Conclusion

Bitwise’s updated Dogecoin ETF filing represents a pivotal moment for altcoin adoption in traditional finance. By integrating in-kind redemption and engaging the SEC, the company has laid the groundwork for institutional access to Dogecoin. 

While market reaction has been subdued, the long-term implications could be massive—ushering in a new era of regulated DOGE exposure and potentially boosting credibility for other meme and altcoin-based ETFs. 

All eyes are now on the SEC’s next move and whether the spot DOGE ETF will go live before year’s end.

FAQ

What is in‑kind redemption? 

It’s a mechanism allowing DOGE tokens to be directly exchanged for ETF shares, reducing tax burdens and improving efficiency.

Why does Bitwise’s filing matter?

It signals regulatory progress and increases the likelihood that the SEC is seriously considering approval of a spot Dogecoin ETF.

When might the DOGE ETF be approved?

Analysts expect approval could come by late 2025, assuming SEC engagement continues and no major objections arise.

Will a DOGE ETF affect Dogecoin’s price?

Yes—wider access via ETFs can attract institutional investors and potentially increase DOGE’s demand and legitimacy.

Can I trade DOGE on an exchange now?

Yes, DOGE is available on multiple platforms. Among them, Bitrue continues to support DOGE trading and could list the ETF if approved.