The long-awaited launch of the Bitwise Spot Dogecoin ETF is approaching as the asset manager files an amended registration statement with the U.S. Securities and Exchange Commission (SEC), revealing new details including the ticker, management fee, and a temporary fee waiver.
According to Bloomberg ETF analyst Eric Balchunas, the Dogecoin ETF could automatically go effective within 20 days, signaling that trading might begin as early as late November. Following the news, DOGE’s price jumped more than 1.3% across both spot and derivatives markets.
Bitwise Files Final Amendment Ahead of Dogecoin ETF Launch
In its updated S-1 filing with the SEC, Bitwise Asset Management submitted the fourth amendment for its Dogecoin exchange-traded fund, which aims to track the spot price of DOGE through the Dogecoin-Dollar Index.
The fund will trade under the ticker symbol “BWOW” on NYSE Arca, with Coinbase Custody serving as the custodian for Dogecoin holdings and BNY Mellon managing fiat reserves. Bitwise expects to begin trading by the end of November, pending regulatory clearance.
Bitwise itself will act as the seed investor, initially purchasing eight shares worth $200 on November 3 at $25 per share. The company also plans an additional $2.5 million investment in initial capital.
Fee Structure and Temporary Waiver
Bitwise disclosed a management fee of 0.34% for the Spot Dogecoin ETF. However, the firm announced a one-month waiver of all sponsor fees to attract early investors. The fee will apply only to the first $500 million in total assets once the ETF is listed.
ETF analyst Eric Balchunas noted that Bitwise is pursuing the 8(a) process, meaning the filing will automatically become effective after 20 days unless the SEC intervenes. If no delays occur, the ETF could begin trading shortly after November 12.
If the U.S. government shutdown ends before that, the SEC could issue a formal approval decision by the November 12 deadline.
Competition and Market Reaction
The 21Shares Dogecoin ETF also recently updated its filing, revealing the ticker TDOG and confirming plans to list on Nasdaq, showing growing institutional interest in Dogecoin-based investment products.
Meanwhile, DOGE’s price rose 1.3% to $0.166, with a daily range between $0.1577 and $0.1661.
Trading volume fell slightly by 2% to $1.92 billion, suggesting a cautious tone among traders amid broader crypto market volatility.
According to Coinglass data, DOGE futures open interest increased by 2.3% to $1.4 billion, reflecting renewed speculative activity driven by ETF optimism.
