The Director of Assets and Source of Trading (ETF) BitWise Invest has officially submitted a S-1 form with the US Securities and Exchange Committee (SEC) for Dogecoin ETF.
This deposit, which was conducted on Monday, follows a previous application last week in Dilayer, which represents a pivotal moment for an investment in encryption.
The ETF DOGECOIN app faces the indifference on the market
James Sevart, an ETF expert in Bloomberg, indicated that the last deposit was expected after the former BitWise registration of confidence. “We knew that this is coming,” Sevart NoteHighlighting the increasing interest in the investment funds circulating in the encrypted currency, and organizational clarity begins to appear.
However, despite the optimism surrounding the ETF DOGECOIN application, DOGE showed a little reaction, as it continued to trade at approximately $ 0.320, which reflects losses of 3.4 % over the past 24 hours and 16 % during the past week.
This development occurs against the background of increasing organizational positivity in the United States, and coincides with President Trump’s return to the White House for a second period after a victory in November.
Trump’s return to the political scene has flooded a renewed sense of confidence in the organizational environment, indicating potential transformations that can prefer cryptocurrency investments.
Asset managers press ETF encryption approvals
The ETF file wave is not limited to bitwise; Other asset managers such as Coinshares, Tuttle Capital and Grayscale also seek to agree to the investment funds circulated in their encrypted currency, which include assets like Solana (SOL), Litecoin (LTC), and Cardano (ADA), along with more than speculative options Like Memecoins Tramp and Melania.
Spew is already Assure Last week, this moment is very important for exporters while exploring the limits of what SEC will allow. It is expected that the creation of a new encoding squad, led by a pro -Carbouto Hyster Persons, will play a vital role in shaping the organizational framework for these products.
The results of this business group’s efforts will be effective in determining whether the Securities and Stock Exchange will grant approval for various index funds, including BitWise ETF.
Distinctive image from Dall-E, Chart from TradingView.com
