Dogecoin ETF on the Brink of Approval? Bitwise's Bold Moves Shake Up Crypto World!

Bitwise's Amended Filings Signal Growing Momentum

Hang onto your hats, crypto fans! The proposed spot Dogecoin ETF is picking up steam like a rocket ready to blast off. Bitwise Asset Management isn't messing around—they've thrown down the gauntlet with updated filings to the SEC for their Dogecoin (DOGE) and Aptos (APT) ETFs. The game is on!

Bitwise kicked off this wild ride back in January, and now they're not slowing down. They're locked in a dance with the SEC, and the latest moves? Amended applications. The SEC's been playing hard to get, delaying their review of the Dogecoin ETF, but Bitwise isn't backing down. They're in this for the long haul!

Hold up, there's a twist! The new filings have a killer feature: "in-kind" creation and redemption. That's right, ETF shares can now swap directly for the crypto itself. Talk about a game-changer for tax efficiency and market impact. Bitwise is pulling out all the stops!

Bloomberg's ETF guru, Eric Balchunas, is all over this. He's calling the updates a massive green flag, saying they show the crypto ETF train is picking up speed. And that in-kind magic? He thinks it's a "huge update" that'll set the standard for everyone else. The crypto world is buzzing!

Bitwise's tweet says it all: "Amended S-1s for their spot Dogecoin ETF and spot Aptos ETFs. Good signs as it indicates SEC engagement, and tracks with other spot approvals." They're not just talking the talk; they're walking the walk!

Just last month, Bloomberg's James Seyffart threw down an 80% approval odds for the Dogecoin ETF. With the SEC getting more engaged, it looks like the path to approval is heating up. Dogecoin fans, get ready to party!

But wait, there's more! Grayscale and 21Shares are gunning for their own Dogecoin ETFs, but Bitwise is the only one daring enough to go for Aptos. It's a wild race, and everyone's fighting for the top spot!

And don't forget, the SEC's got their hands full with a ton of other spot ETF proposals. Institutional interest in altcoins is exploding, and the crypto world is on fire. Buckle up, because this rollercoaster is just getting started!