The New York Stock Exchange (NYSE) has filed a 19b-4 request with the U.S. Securities and Exchange Commission (SEC) to list and trade Bitwise’s Dogecoin Exchange-Traded Fund (ETF). The proposed ETF will hold Dogecoin as its primary asset, with its Net Asset Value (NAV) calculated daily based on the Dogecoin to USD price. This direct link to Dogecoin’s price in the market will determine the ETF’s value. Alongside Bitwise, Grayscale and Rex Shares have also submitted Dogecoin ETF requests. Grayscale’s request is in advanced stages and has been previously approved by the SEC. Predictions for Dogecoin ETF approval in 2025 have increased. New data from Polymarket show a 67% likelihood of approval, up significantly from 55% the previous day. Bloomberg analysts estimate a 75% chance of approval. Despite the growing optimism, macroeconomic conditions have heavily impacted Dogecoin’s price. At the time of writing, Dogecoin has seen a 13.73% drop in the past 24 hours, trading around $0.19. Its daily trading volume has also dropped by 21.43% to $2.92 billion, indicating reduced market activity.
