Dogecoin ETF Delayed: Is the Meme Coin’s Big Break on Hold?
SEC delays Bitwise’s Dogecoin ETF, sparking uncertainty. Will this meme coin’s Wall Street dreams stall? Dive in!
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Bitwise Asset Management’s spot Dogecoin ETF application, pushing the deadline to May 21, 2025. This follows similar delays for other crypto ETFs, including those for XRP, Solana, and Litecoin. For new investors, this news raises questions about Dogecoin’s path to mainstream finance. Let’s break it down.
What Happened?
Bitwise filed an S-1 registration on January 28, 2025, to launch a Dogecoin ETF, aiming to let investors track DOGE’s price without owning the crypto directly. The ETF would hold Dogecoin, with Coinbase Custody as the custodian, and use the CF Dogecoin-Dollar Settlement Price for its net asset value. However, the SEC, citing the need for further review, has extended its decision timeline, a move that aligns with its cautious approach to crypto ETFs.
Bitwise filed an S-1 registration on January 28, 2025, to launch a Dogecoin ETF, aiming to let investors track DOGE’s price without owning the crypto directly. The ETF would hold Dogecoin, with Coinbase Custody as the custodian, and use the CF Dogecoin-Dollar Settlement Price for its net asset value. However, the SEC, citing the need for further review, has extended its decision timeline, a move that aligns with its cautious approach to crypto ETFs.
Why It Matters
Dogecoin, the meme coin born in 2013, has a $23 billion market cap and a loyal fanbase, boosted by figures like Elon Musk. An ETF could attract traditional investors, potentially driving DOGE’s price higher. Bloomberg analysts still see a 75% chance of approval in 2025, but delays signal regulatory hurdles. The SEC’s concerns likely include market volatility and manipulation risks, especially for a coin with no fixed supply. Meanwhile, DOGE’s price has dipped 16% recently, reflecting broader market swings.
Dogecoin, the meme coin born in 2013, has a $23 billion market cap and a loyal fanbase, boosted by figures like Elon Musk. An ETF could attract traditional investors, potentially driving DOGE’s price higher. Bloomberg analysts still see a 75% chance of approval in 2025, but delays signal regulatory hurdles. The SEC’s concerns likely include market volatility and manipulation risks, especially for a coin with no fixed supply. Meanwhile, DOGE’s price has dipped 16% recently, reflecting broader market swings.
What’s Next?
Investors must wait until May for clarity, though further delays are possible. A pro-crypto shift under new SEC leadership could help, but approval isn’t guaranteed. For beginners, this is a reminder to approach crypto with caution—diversify and research thoroughly.
Investors must wait until May for clarity, though further delays are possible. A pro-crypto shift under new SEC leadership could help, but approval isn’t guaranteed. For beginners, this is a reminder to approach crypto with caution—diversify and research thoroughly.
What’s your take on Dogecoin’s ETF chances? Comment below and stay tuned for more crypto updates!
⚠️ NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
⚠️ NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
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