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Bitwise, a crypto managerial asset management company, recently asked the Securities and Stock Exchange Commission (SEC) to launch a negotiated stock market (ETF) based on Dogecoin (DOGE). This initiative is an important step for Bitwis, which has already seen trusted dogecoin in Delaware this month.
Do ETF dogecoin? Bitwise defies the drought with a new requirement
Bitwise recently asked SEC to launch ETF by Dogecoin, allowing investors to carefully monitor the movements of this popular same. The S-1 deposit of 28 January 2025 Bitewise intervenes in the context, where crypto ETF, especially deposits based on the same as dogecoin, has gained popularity.
Matt Hougan, investment director of Bitwis, said: “Many people want to invest in dogecoin. It is the sixth largest crypto assets in the world of market capitalization and is negotiated for more than a billion dollars a day ”. This statement emphasizes the growing interest in investing in cryptocurrencies, despite the controversies that are often associated with them.
However, this application is not without risk. Because Dogecoin has recently experienced a 4 % decline and could undergo a further decline of 37 % if it exceeds the key support level, or if BI BITEWISE is rejected by Dry.
Strengthening Pro-Crypto Administration?
The approval of this ETF dogecoin could still be facilitated by the current administration, which has shown a more favorable approach to cryptos. The recent launch of the government ministry (DOGE), the Sports Logo Dogecoin, has actually strengthened the confidence of investors in rapid approval ETF -based ETF.
Bitwise deposit for ETF dogecoin is therefore significant progress in the field of crypto investment. If the ETF is approved, it could open the way of a new era of investment based on the same and offer investors a unique opportunity to diversify its portfolios with a popular digital asset.
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The world is evolving and adaptation is the best weapon that survives in this undulating universe. I am interested in everything about blockchain and its derivatives. To share my experience and announce an area that fascinates me, nothing better than writing informative and relaxed articles simultaneously.
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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.