Bitwise employees plan to release it by the end of November ETF based on the now useless king of memecoins Dogecoin (DOGE).
Analyst ETF Eric Balchunas reported that on November 7, the firm’s employees filed documents to register a new derivative in accordance with the provisions of the Securities Law, which stipulates that an investment instrument is automatically registered if there are no objections from the regulator. Thus, DOGE-ETF will appear on November 27, unless the Securities and Exchange Commission intervenes.
Balchunas admitted he doesn’t understand why Bitwise’s management decided to develop an exchange-traded fund based on a meme token. Company representatives attributed the decision to growing demand for the meme coin, but judging by the cryptocurrency’s price dynamics, few people are interested in buying it. In 2025, a successful year for leading digital assets, many of which reached new price highs, Dogecoin, on the contrary, fell by 47%, and there are no signs of a reversal in the market.
DOGE Price Change in 2025
Another useless one ETFLook at the tiny capital inflow in Litecoin-ETF [whose capitalization is $2,43 million], and DOGE is mined together with Litecoin»Nobody’s going to buy this junk,» a user named Hitachi691 rightly noted in the comments.
However, Bitwise was not the only American company intending to release Dogecoin-ETFGrayscale has also applied to register a similar derivative and will be able to list it on the exchange if officials do not prohibit it.