Interest in Elon Musk’s D.O.G.E Grows, Prompting Dogecoin ETF Registration.

Bitwise Files for Dogecoin ETF Amid Growing Memecoin Market Interest

Bitwise has officially submitted a registration for a Dogecoin (DOGE) exchange-traded fund (ETF) as the demand for memecoins continues to rise in the broader market.

The “Bitwise Dogecoin ETF” registration was filed late Wednesday and appeared in the Delaware Division of Corporations. Although such filings can sometimes be part of a spoof, Bitwise confirmed the registration in a statement to The Block.

This Delaware registration is a preliminary step before submitting an official ETF proposal to the Securities and Exchange Commission (SEC). It establishes the legal entity that could manage the potential ETF but does not constitute a formal application for SEC approval.

The filing comes after Rex Shares and Osprey Funds submitted paperwork for several crypto ETFs, including one targeting Dogecoin. If approved by regulators such as the SEC, a Dogecoin ETF would offer institutional validation for the memecoin, attracting more conservative investors and potentially driving DOGE prices higher. Even a small share of the inflows that Bitcoin ETFs have seen — over $50 billion in the past year — could lead to significant price growth for DOGE.

As of Thursday, Dogecoin holds a $52 billion market capitalization, making it the world’s largest memecoin. It has more than tripled in value over the past year, driven by its speculative nature and its correlation with Bitcoin’s price movements. Recently, DOGE has also seen renewed interest following the announcement of the Department of Government Efficiency (abbreviated D.O.G.E) in the U.S.

The D.O.G.E. agency, led by technocrat Elon Musk, is tasked with reducing government spending and streamlining federal operations. The agency was first proposed in mid-October and formally acknowledged during Donald Trump’s inauguration on Monday.

The agency’s website briefly displayed a Dogecoin token logo on Tuesday, which was later updated to simply show the name D.O.G.E. The apparent connection to the memecoin has fueled further demand, with traders possibly viewing DOGE as a bet on the agency’s success and the broader potential of memecoins in the financial system.