SEC Considers Bitwise's Proposal for a Groundbreaking Dogecoin ETF
by aria-crypto.com
January 29, 2025 at 18:39
SEC Considers Bitwise's Proposal for a Groundbreaking Dogecoin ETF
Bitwise Investment Advisers LLC has submitted a formal registration to the SEC for a pioneering Dogecoin ETF, marking a significant development in the cryptocurrency investment landscape. The proposal, dated January 28, 2025, outlines the ETF's structure which will directly hold Dogecoin and track its market price using the CF Dogecoin-Dollar Settlement Price. This move could foster mainstream adoption of Dogecoin, contrasting with other ETFs that rely on derivatives. The ETF, seeking to be listed on an undisclosed exchange, will be passively managed without engaging in active trading strategies. Unlike traditional ETFs, this Dogecoin ETF will not partake in staking or lending, maintaining a straightforward investment approach. Bitwise's filing highlights a shift towards embracing cryptocurrency by mainstream investors, driven by recent regulatory approvals of Bitcoin and Ethereum ETFs. With Paul Atkins as the new SEC chair, the industry remains optimistic about the approval of more cryptocurrency-based ETFs, potentially increasing institutional acceptance. The outcome awaits the SEC's decision, setting a precedent for the future of cryptocurrency ETFs in traditional financial markets.
Read more
>> Kraken Reintroduces Staking for Ethereum and Solana: A Positive Shift in Crypto Regulations
Kraken, a leading U.S. crypto exchange, has launched a revamped staking service focusing on Ethereum and Solana, allowing U.S. customers to engage in bonded staking with specific digital assets. This service is...
35 minutes ago
>> Bitcoin Mining Innovations: Grayscale's New ETF Hits the NYSE Stock Exchange
Grayscale Investments has expanded its portfolio by launching the Grayscale Bitcoin Miners ETF, listed on the New York Stock Exchange Arca, offering a novel way for investors to engage with the bitcoin ecosyste...
35 minutes ago
>> Bitcoin's Path to $130,000: Insights from Standard Chartered
In a remarkable financial forecast, Standard Chartered predicts Bitcoin could surge to $130,000 by March. Geoffrey Kendrick, the bank's head of crypto research, attributed this potential rise to increased inves...
an hour ago
>> Czech Central Bank Contemplates Historic Bitcoin Investment Strategy
The Czech National Bank (CNB) is exploring the inclusion of Bitcoin in its reserve assets, a move which could position it as the first central bank to hold this cryptocurrency. This decision follows a proposal ...
an hour ago
>> Digital Currency Group Unveils Fortitude Mining to Expand into Venture Mining
Digital Currency Group (DCG) has launched Fortitude Mining, a wholly-owned subsidiary designed to mine Bitcoin and venture into other high-growth digital assets. The new subsidiary builds on the success of Foun...
3 hours ago
>> Binance and Coinbase Ranked Among Forbes' Most Trusted Crypto Exchanges
Forbes has released its 2025 rankings for "The World’s Most Trusted Crypto Exchanges", assessing over 200 global platforms. The criteria prioritized by Forbes include security features, regulatory adherence, an...
4 hours ago
>> Tesla and Bitcoin: Strategic Moves and Market Impact
Worksport, a Tesla supplier specializing in clean energy automotive technology, has adopted a holistic approach by incorporating cryptocurrencies, primarily Bitcoin (BTC) and XRP, into its treasury strategy. Th...
6 hours ago
>> Bitcoin's New Options Emerge: CME Group Explores Crypto Flexibility with BFF
Chicago Mercantile Exchange Group (CME) has announced the introduction of options for its Bitcoin Friday Futures (BFF), starting February 24, pending regulatory approval. BFF, CME's most successful cryptocurren...
6 hours ago
>> IMF Influences Amendments to Bitcoin Law in El Salvador
El Salvador's Congress has rapidly approved legislative changes to its Bitcoin law in order to comply with conditions of a $1.4 billion loan agreement with the International Monetary Fund (IMF). This turn of ev...
7 hours ago
>> Bitcoin and Visa Forge Path in African Fintech with Moniepoint Investment
Visa has invested over $10 million in Moniepoint, a prominent African fintech, marking a significant boost to its Series C funding which now totals more than $120 million. Moniepoint, known for offering banking...
11 hours ago
All the latest crypto news in one place
Stay informed and up-to-date on the market's latest news with our Terminal's News Aggregator with curated news articles and analysis from over 50 sources, including the crypto's biggest publications.
Launch Terminal
