The U.S. Securities and Exchange Commission has delayed its resolution on whether or not to approve the Bitwise Dogecoin ETF. The company introduced it can take till November 12, 2025, to make a closing ruling.
SEC Extends Review of Bitwise Dogecoin ETF Amid Investor Concerns
According to the SEC document, the proposal was first filed by NYSE Arca in March. The change desires approval to checklist and commerce shares of the fund underneath its commodity-based belief guidelines.
The SEC had an preliminary deadline of June to both approve or reject the appliance after Bitwise amended its s-1 filing for this proposal. Instead, it launched formal proceedings in June to look at the submitting extra intently.
That resolution triggered a 180-day evaluation course of, with the unique deadline falling on September 13. The Commission has now prolonged that timeline by one other 60 days.
Officials stated the delay permits extra time to evaluation the proposal and feedback obtained from the general public. Several responses have been filed on the SEC’s web site earlier this yr, echoing issues additionally raised when Grayscale filed for a Dogecoin ETF. Those feedback addressed problems with market manipulation, liquidity, and whether or not Dogecoin is appropriate for an exchange-traded product.
Bitwise, a number one digital asset firm, has marketed the ETF as a method to extend investor choices. The firm asserts that Dogecoin possesses profound liquidity and has a considerable neighborhood, which favors its contribution to crypto markets. The advocates are of the view that the ETF could make Dogecoin a authorized funding automobile.
SEC May Approve DOGE ETF Regardless of Skepticism
Skeptics say approval may place retail buyers at risk. They argue the SEC ought to apply the identical scrutiny to Dogecoin-ETF filings because it did to Ethereum and Bitcoin submissions.
The Commission has historically been extremely conservative with crypto ETFs. Years of rejections occurred earlier than spot Bitcoin ETFs approval in early 2024. Then after lengthy debates, it accredited the launch of spot Ethereum ETF.
A Dogecoin ETF would mark the primary endorsement of a meme-based cryptocurrency fund within the United States. This aligns with a prediction by Bloomberg analyst Eric Balchunas that the first spot Dogecoin ETF is about to launch on September 11.
The transfer could develop into the mannequin for different meme cash or area of interest digital belongings searching for ETF standing. The worth of Dogecoin has stayed pretty regular even with the SEC delay. At the time of writing, DOGE traded round $0.2407, down solely 0.38% for the day. Over the previous week, the token has gained greater than 14%. In the final six months, it’s up nearly 40%. Compared to a yr in the past, Dogecoin has risen by over 150%.
Still, the coin is understood for large swings. Since the beginning of 2025, it has dropped about 24%, displaying that costs can change shortly.
Paul
Paul Adedoyin is a crypto journalist with 4+ years expertise who offers well timed information, in-depth analysis, and insightful content material to tell and empower his viewers. His works have been featured on websites corresponding to CryptoMode, CryptoNewsFlash amongst others.
He holds a level in Geophysics from OAU, Nigeria. When he is not writing, he loves watching soccer and studying educative journals.
He will be reached by way of [email protected]
Investment disclaimer: The content material displays the creator’s private views and present market situations. Please conduct your individual analysis earlier than investing in cryptocurrencies, as neither the creator nor the publication is answerable for any monetary losses.
Ad Disclosure: This web site could function sponsored content material and affiliate hyperlinks. All ads are clearly labeled, and advert companions don’t have any affect over our editorial content material.
