# Bitwise Files S-1 for Dogecoin ETF, Promoting the Objective
Bitwise has formally presented its S-1 documentation for a location Dogecoin ETF, publicly proclaiming its objectives to the SEC. TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
Bitwise isn’t the only one in the competition for a DOGE ETF. Rex Shares and Osprey Funds, focusing on ETFs and ETNs, have additionally submitted N1-A types for ETFs tracking DOGE and other cryptos like TRUMP, Solana, Bitcoin, and XRP. Bitwise’s S-1 enrollment on January 28 validates its arrangement for a location Dogecoin ETF.
As indicated by CoinDesk, Bitwise’s ETF documenting falls under the ’33 Act, while Rex and Osprey’s are under the ’40 Act, as per Bloomberg ETF expert Eric Balchunas. Bitwise had recently enrolled in Delaware on January 22, flagging its goals. Bloomberg ETF expert James Seyffart noted on X that this documenting makes the proposition official before the SEC.
The ’40 Act gives stricter SEC oversight, better administration, and restrictions on riskier techniques like influence and short-selling, offering more prominent financial backer assurance. The ’33 Act, regularly utilized for product based ETFs, has less severe administrative prerequisites.
ETFs offer broadening, cost-adequacy, liquidity, and straightforwardness, making them a helpful venture the executives device. A Dogecoin ETF would permit financial backers to take advantage of DOGE’s cost developments inside a directed system, bypassing the requirement for crypto wallets or trades.
The advent of Dogecoin ETFs has streamlined the process for backers to engage with Dogecoin, bypassing the need to interact directly with crypto platforms. Nevertheless, this action has sparked certain anxieties, largely attributed to the infamous unpredictability of meme tokens.
CryptoQuant’s Chief Executive Officer emphasized that, regardless of one’s sentiment, Trump has initiated a fresh epoch for meme tokens! Max Buwick from Burwick Law remarked on January 16th that meme tokens represent “the definitive advancement of intricate marketing strategies.” He posits that they capitalize on human frailties and lack substantial foundational support.
