Bitwise has updated its spot Dogecoin ETF filing, increasing optimism for its potential approval by the SEC.
The amended filing includes in-kind creations and redemptions, a mechanism that allows authorized participants to trade shares using DOGE directly.
21Shares and Grayscale have also filed for Dogecoin ETFs, with the SEC potentially providing feedback to prospective issuers.
Although the likelihood of an XRP ETF approval before DOGE remains higher due to factors like a regulated futures market for XRP, both ETFs have a final SEC deadline of October 17 for potential approval.