🚀 Doge ETFs: SEC’s Grand Farce Unveiled! 🎭

by

Ah, behold the grand theater of finance, where the Securities and Exchange Commission (SEC), that noble arbiter of markets, doth ponder the fate of over 90 crypto ETF applications! Among these, the illustrious Dogecoin, Bitcoin, Solana, and XRP await their moment in the spotlight. ‘Tis said the SEC shall announce its first approval this very week-a spectacle most anticipated! 🎉

The Cast of Dogecoin ETFs Awaiting SEC’s Royal Nod

  1. Rex Shares Osprey DOGE ETF
  • In January 2025, these clever asset managers filed their application, shunning the tedious Form S-1 and 19b-4. Instead, they embraced the simpler process of the Investment Company Act of 1940-a cunning move, indeed! 🧙♂️
  • This stratagem allows their ETF to launch with haste, requiring naught but a prospectus. And lo, it shall become effective after 75 days, unless the SEC doth object! 📜
  • Yet, alas, the launch was postponed, though Bloomberg’s sages predict the next deadline to be September 18, 2025. But the SEC remains silent, leaving us in suspense! 🤡
  1. Bitwise Dogecoin Spot ETF
  • In January 2025, Bitwise filed its application via Form 19b-4, with Coinbase Custody guarding the DOGE holdings and Bank of New York Mellon tending to the cash assets. A partnership most noble! 💰
  • Later, they sought to conquer Aptos with another ETF in March, proposing a spot DOGE ETF under commodity trust rules. Ambition knows no bounds! 🏰
  • The SEC, ever deliberate, delayed the decision from June 15, 2025, to November 12, 2025. Patience, they say, is a virtue! 🕰️
  1. Grayscale Investment DOGE ETF
  • In March 2025, Grayscale filed via Form S-1, and again on August 15, 2025, seeking to transform their DOGE Trust into a publicly traded spot ETF. A metamorphosis most daring! 🦋
  • The SEC acknowledged their plea and delayed the decision in November 2025. The wheels of bureaucracy turn slowly, yet they turn! 🚀
  1. 21Shares Dogecoin ETF
  • On April 9, 2025, 21Shares filed its registration via Form S-1, offering investors a chance to track DOGE’s price without the hassle of owning the coin. A convenience most welcome! 🎟️
  • The SEC began its review in mid-May 2025, with a decision expected between October 2025 and January 9, 2026. The drama unfolds slowly, yet with great anticipation! 🎭

Initially, the SEC extended its review to consider public comments-a democratic gesture, no doubt! If approved on Thursday, Rex Shares-Osprey shall claim the crown as the first DOGE ETF. A triumph most glorious, or a farce most grand? Only time shall tell! 🌟

Read More

2025-09-16 16:24