After registering their DOGE trust Bitwise filed their S-1 form to establish a spot Dogecoin ETF. The regulatory framework for this ETF follows the same guidelines established by BlackRock’s Bitcoin ETF approval yet analysts warn that such approval remains uncertain.
Solana ETF Push
Cboe submitted its third attempt to obtain Solana ETFs through applications for VanEck and Canary alongside Bitwise and 21shares. The Canadian investment companies Purpose Investments and 3iQ Digital Asset Management actively develop similar asset products for the market.
Market Context
Dogecoin stands as the 8th biggest cryptocurrency in the market because of its $0.32 pricing structure and daily trading activity reaching $2 billion. Experts believe Litecoin and Hedera products may gain approval before Solana receives regulatory approval for its ETF version.
Dogecoin ETF Development
The future of SEC cryptocurrency ETFs remains unknown while Canada’s standardized approval system creates conditions for early market launches because they continue their historical pattern of U.S. regulatory filings preceding Canadian launches.
