Emre Yumlu 
NYSE Arca has submitted paperwork that would allow it to list the Bitwise Dogecoin ETF if approved by the SEC.
NYSE Arca Files Rule Change Proposal to List Bitwise Dogecoin ETF
NYSE Arca has filed a proposed rule change to list and trade shares of the Bitwise Asset Management Dogecoin exchange-traded fund (ETF).
On March 3, the New York Stock Exchange subsidiary submitted the 19b-4 filing, which, if approved by the SEC, would enable the exchange to list the Bitwise Dogecoin ETF, a fund that provides direct exposure to the Dogecoin memecoin.
Coinbase will serve as the custodian of Dogecoin, while Bank of New York Mellon will handle cash custody, administration, and transfer agency functions.
The ETF uses cash creations and redemptions, meaning that investors will not be able to directly contribute or receive Dogecoin.
Bitwise filed the S-1 registration form for the product with the U.S. Securities and Exchange Commission (SEC) at the end of January.
If approved, this would become one of the first U.S.-listed memecoin ETFs, providing regulated access to Dogecoin for both institutional and retail investors.
Increased Applications and Dogecoin Price
Dogecoin prices did not react to the filing and fell over 15%, dropping to $0.19 on March 2 in a broader crypto market downturn that wiped out all gains from Donald Trump’s U.S. crypto reserve announcement.
On February 13, the SEC acknowledged Grayscale’s filings for the Grayscale Dogecoin Trust, meaning the review and decision process for the product has started, with a potential deadline around mid-October.
Meanwhile, on March 3, Nasdaq filed a similar proposed rule change with the SEC to list and trade shares of the Grayscale Hedera Trust, which will track the price of HBAR, the native token of the Hedera Network. Additionally, in late February, Nasdaq filed for a similar Hedera product from Canary Capital.
Following the change in administration and the SEC’s crypto-friendly stance, multiple altcoin ETF applications, including funds tracking Cardano, Solana, Polkadot, Litecoin, and XRP prices, have been filed in the United States.
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