Mentioned:
The New York Stock Exchange might have a new ETF coming soon. And it’s focused on Dogecoin.
What’s happening:
- Bitwise has officially filed for a spot Dogecoin ETF with the New York Stock Exchange
Why it matters:
- If approved for trading, this would be the first time ever that a spot Dogecoin ETF would be listed on a major stock exchange in the United States of America
Going deeper:
- Bitwise had already filed an application for a spot Dogecoin ETF with the United States Securities and Exchange Commission previously and has planned for Coinbase (NASDAQ: COIN) to be the official custodian of the digital assets of the ETF once approved for trading
- Bitwise also just recently raised a fresh round of funding to accelerate the roll out of more digital asset ETFs, which was led by some of the most prominent venture capital funds in the world
The intrigue:
- The Dogecoin Foundation just recently entered into an exclusive partnership with House of Doge, which is focused on accelerating Dogecoin as a widely accepted payment method and has also announced plans to become a publicly traded company
