Bitwise Files for Dogecoin ETF with SEC
Bitwise officially filed the S-1 form for its spot Dogecoin (DOGE) exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC) on Jan. 28.
Cboe Re-files for Solana ETFs
Additionally, Cboe re-filed the 19b-4 forms to trade Solana (SOL) ETFs from VanEck, Canary, Bitwise, and 21shares.
Market Expectations and Regulatory Outlook
Bloomberg ETF analyst James Seyffart highlighted that the market expected the move from Bitwise as they registered a DOGE trust last week. However, the approval by the SEC is not guaranteed, and the new administration’s approach to DOGE-related products remains uncertain.
Legislative Framework and Future Filings
Bloomberg senior ETF analyst Eric Balchunas pointed out Bitwise’s use of the 1933 Act to file for its Dogecoin product, similar to BlackRock’s spot Bitcoin ETF. Seyffart believes that a 19b-4 form for Dogecoin ETF trading will be filed soon.
Solana ETFs in the US and Canada
Another significant development is the Cboe re-filing for trading Solana ETFs, with expectations of approval in the US. However, Canada may approve a spot Solana ETF first, as seen in previous trends.
Market Expansion and Regulatory Differences
Purpose Investments and 3iQ Digital Asset Management filed for Solana ETFs in Canada, indicating a growing interest in the market. Balchunas noted the historical trend of Canada beating the US in ETF approvals due to more liberal regulators, but the new SEC administration’s stance remains unclear.