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Bitwise Files for Dogecoin ETF While Musk's D.O.G.E Agency Sparks Hype


Bitwise Files for Dogecoin ETF While Musk's D.O.G.E Agency Sparks Hype

The Dogecoin logo briefly appeared on the D.O.G.E website, sparking trader interest.

Bitwise has filed a registration for a Dogecoin exchange-traded fund (ETF), reflecting rising interest in memecoins. The filing, titled "Bitwise Dogecoin ETF," was submitted yesterday (Wednesday) and listed on Delaware's Department of State Division of Corporations.

While such filings are sometimes hoaxes, Bitwise confirmed its legitimacy to The Block.

This move follows recent ETF applications from investment managers Rex Shares and Osprey Funds, including one for Dogecoin. Approval from regulators like the US Securities and Exchange Commission (SEC Securities and Exchange Commission (SEC) The Securities and Exchange Commission (SEC) is one of the most widely known independent authorities in the United States. The SEC has a wide range of responsibilities, helping police markets and curbing against abuse. This includes enforcing federal securities laws, proposing securities rules, and regulating the US' stock and options exchanges.As one of the paramount regulatory authorities in the US, the SEC is responsible for the oversight of public companies in the aforementioned segments.Wha The Securities and Exchange Commission (SEC) is one of the most widely known independent authorities in the United States. The SEC has a wide range of responsibilities, helping police markets and curbing against abuse. This includes enforcing federal securities laws, proposing securities rules, and regulating the US' stock and options exchanges.As one of the paramount regulatory authorities in the US, the SEC is responsible for the oversight of public companies in the aforementioned segments.Wha Read this Term) could legitimize Dogecoin and attract conservative investors.

Analysts speculate that increased demand could boost Dogecoin prices, given the $50 billion inflows seen by Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we've gone a long way ever since a Florida resident Laszlo Hanyecz made BTC's first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John's.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we've gone a long way ever since a Florida resident Laszlo Hanyecz made BTC's first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John's.One could now argue that Read this Term ETFs last year.

Dogecoin is the largest memecoin globally, with a market capitalization of $51.98 billion as of Thursday. Its price has tripled in the past year, driven by speculative interest and recent developments, including the establishment of a US Department of Government Efficiency, abbreviated as D.O.G.E.

DOGEUSD has been undergoing a bearish correction on the H1 chart. The price previously found horizontal support at 0.33800 and made a bullish move. However, the 0.44200 level acted as resistance and has been pushing the price lower.

The price is now moving back towards the support, following a bearish trend line. Traders should closely monitor the 0.33800 level and the price action around the trend line to determine the next direction on the intraday charts.

The non-governmental agency, led by Elon Musk, was designed to streamline government operations and reduce costs. The agency was formally acknowledged during Donald Trump's swearing-in ceremony on Monday.

A brief appearance of the Dogecoin logo on the D.O.G.E website earlier this week has fueled market speculation. Although the logo was removed, traders see Dogecoin as a speculative play tied to the agency's work, further boosting demand.

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