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Grayscale’s Bitcoin fund could launch on November 24, after a 20-day SEC review triggered after the filing. Bitwise is also seeking automatic approval, which marks a major step in the transition of meme coins into an institutional framework.
These documents indicate a major shift in regulatory oversight, as many asset managers are now competing to bring Dogecoin to traditional wallets through regulated and tax efficient means.
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Speed ​​up the approval process by the Securities and Exchange Commission
This faster timeline comes from Section 8(a) of the Securities Exchange Act of 1933. This provision allows registration statements to be automatically effective 20 days after filing, unless the SEC takes action.
Grayscale and Bitwise use this to bypass the more complex Rule 19b-4 exchange procedure typically required to launch index funds.
Confirm Official guidance from the Securities and Exchange Commission Those registrations automatically become effective under Section 8(a) after 20 days. This shortened the way to launch the products because Institutional interest Investment in digital currencies is on the rise.
Bitwise submitted its application on November 7. This could pave the way for its launch in late November. Meanwhile, Balchunas expects the launch of the Grayscale fund on November 24, while the confirmation depends on the official notification from the exchange.
The SEC has acknowledged both filings, triggering a regulatory review period and opening a public comment period.
Launched in grayscale Bitcoin Trust on January 31, 2025, asIntroduction to the application of index funds. The fund gives investors exposure to Dogecoin without directly owning it, addressing the custody and security issues that have deterred many institutions.
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Classification of goods increases the chances of approval
Classification Potential for Dogecoin as a commodityrather than values, it now plays an important role in their likelihood of approval.
This designation helps to avoid the legal problems that have hindered the efforts of the Solana and XRP funds, where the status of the titles remains contested.
himFiling in the Federal Register NYSE Arca’s proposed rule change directly mentions Dogecoin under Rule 8.201-E, which covers “commodity-based actions.”
This is in line with the Commodity Exchange Act and indicates that both exchanges and the SEC consider Dogecoin a suitable commodity for an ETF structure.
Bloomberg analysts expect a 90% chance of Dogecoin ETF approval, compared to 95% forXRP. These estimates reflect the growing confidence in the opening of sec to altcoin ETFs, following the Solana ETF decisions earlier this year.
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But the process still requires a 240-day review window after publication in the Federal Register. During this window, public input can shape the SEC’s final decision. The Commission may postpone, request modifications, or issue stay orders if the protection of investors or the integrity of the market is at risk.
The institutional push across the industry is gaining momentum
Meanwhile, the race for a Dogecoin ETF now extends beyond Grayscale and Bitwise. Major asset managers such as 21Shares, Rex Shares, and Osprey Funds have made similar claims, citing a broad industry consensus that… Meme coins Grow in institutional investment products.
Provided by 21Shares registration Dogecoin ETF on April 9, 2025, indicating custody with Coinbase Custody Trust Company. The use of independent and regulated custodians meets SEC requirements for safe storage and institutional compliance, removing a major barrier to traditional financing.
ETFs offer obvious advantages over direct holdings of cryptocurrencies.
- Creation and recovery in kind allow for tax efficiency.
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- Regulatory frameworks increase transparency and investor protection, features that spot trading lacks.
These benefits attract pension funds, charities, and registered investment advisers with fiduciary duties.
Industry observers expect more than 200 cryptocurrency ETFs to be approved by mid-2026. This trend could lead to a significant institutional capital influx and reduced volatility, moving the market away from retail-dominated activity and closer to general acceptance.
Despite this growing momentum, the price of Dogecoin has decreased by 0.4499% during the last 24 hours. At the time of writing, DOGE is trading at $0.1543.
This suggests that ETF approval may not yield immediate gains, but continued institutional demand may eventually lead to sustained growth.
The coming weeks will reveal whether the timing of the regulation is in line with market expectations. If Grayscale and Bitwise succeed in launching before the end of the year, Dogecoin will join Bitcoin, Ethereum and Solana among the few cryptocurrencies available through US-regulated ETFs. Such a development will strengthen its position in the space of digital assets.
