Bitwise Asset Management has made waves this week with the potential debut of a spot Dogecoin ETF, which could become effective as early as November 26, 2025. The firm has reportedly altered its SEC filing to remove a delaying amendment, a strategic move that may accelerate the approval process.
This filing change invokes a provision under Section 8(a) of the US Securities Act, which initiates a 20-calendar-day countdown. If the US Securities and Exchange Commission (SEC) remains silent during this timeframe, the registration could automatically become effective, thus paving the way for a Dogecoin ETF launch. This specific date, November 26, 2025, has been highlighted across various platforms in discussions surrounding this development.
Potential Launch on the Horizon
Bloomberg ETF analyst Eric Balchunas recently took to X (formerly Twitter) to comment on the significance of the S-1 filing adjustment, noting, “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.” This observation underscores the anticipation surrounding the timing of the ETF’s potential launch.
The proposed ETF is set to hold actual Dogecoin, distinguishing itself from other crypto-based funds that traditionally rely on futures contracts. The custody of DOGE would be managed by Coinbase Custody Trust Company, while cash holdings would be overseen by BNY Mellon. Furthermore, the ETF seeks to establish its net asset value linked to the CF Dogecoin-Dollar Settlement Price. Although discussions suggest the ETF will list on NYSE Arca, details on its ticker symbol and fee structure are still under wraps.
Regulatory Landscape Still a Factor
However, even with the 20-day countdown in effect, the prospect of approval remains uncertain. The SEC possesses the authority to impose delays or demand additional disclosures within that period, a power it has exercised in previous cases. Industry analysts also point out that an effective registration is merely one aspect of the process, as logistical components such as exchange listings, market-making partnerships, and custodial confirmations will dictate when trading can actually begin.
A spot Dogecoin ETF symbolizes a continuation of the ongoing trend towards mainstream crypto products, a notable response to rising institutional demand for regulated access beyond Bitcoin and Ethereum. Despite the optimism, the filing does caution investors about typical market risks—including price volatility, liquidity challenges, and competition from similar funds. Key details such as the ETF’s expense ratio and initial capital requirements have not yet been disclosed.
The crypto market eagerly awaits official updates from the SEC, which will clarify the effective date of the registration, alongside communications from NYSE Arca regarding the imminent steps forward. As the potential launch process unfolds, further information regarding the ETF’s ticker symbol and participation from market makers is anticipated to emerge.
Featured image from WallpaperCG, chart from TradingView
