NYSE Submits 19b-4 for Bitwise Dogecoin ETF
NYSE ARCA has filed a 19b-4 application with the U.S. Securities and Exchange Commission (SEC) to list and trade Dogecoin (Doge) Exchange Trading Funds (ETFs).
According to the document, Coinbase custody will serve as the custodian. Meanwhile, BNY Mellon will manage cash holdings, management and record keeping.
New York Stock Exchange Archives 19-b4 for dogecoin ETF
One month after the filing of 19b-4 by Dogecoin ETF Bitwise submitted S-1 with SEC.
“According to Section 19(b)(1) of the U.S. Securities Exchange Act of 1934, amended (the “Act” or “34 Act”) and Rule 19B-4, the New York Stock Exchange (NYSE ARCA, INC. (“NYSE ARCA” or “NYSE ARCA” or “EXCHATE”) proposes based on “dogecoin Etf (nyse arca” or “Exchange”), “nyse arca” or “exchange”, “nyse arca” or “exchange”. Share),” Register read.
As details of 19-B, the proposed ETF will Dogecoin as a main asset And use the CF Dogecoin-allar Satelemen price (standard pricing benchmark) to determine its net asset value (NAV) every day. This means that the value of ETFs will be closely tracked Market price for dogs.
In addition to drill bits, Grayscale and Rex stocks have also applied for Doge ETFs. especially, Grayscale’s Dogecoin ETF proposal further In the regulatory process, as the Securities and Exchange Commission (SEC) has admitted its application.
at the same time, Market sentiment towards Dogecoin ETFs Approval in 2025 is becoming more and more optimistic. The latest data from the forecast platform multi-market market shows that there is 67% chance of approval, while 55% increased a day ago.
This growing confidence is further Strengthened by Bloomberg analyststhey predict a 75% chance of approval this year. While approval is far from a guarantee, the rise in odds suggests that investor sentiment is shifting, and the regulated Dogecoin ETF that favors the market this year.
This development marks an important milestone for Dogecoin, which was originally joked in 2013, but It has since become a meme coinwith a market value of more than US$28 billion.
Although it is becoming more optimistic Broader macroeconomic conditions Weighed A lot of Doge prices.
At the time of writing, the meme coins traded at $0.19, reflecting a 15.79% drop over the past 24 hours. Trading volumes also took a hit, showing a 16.80% decrease, indicating weaker market activity Despite the ETF narrative.
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