Bitwise Advances Spot Dogecoin ETF Filing as DOGE Price Eyes $0.35
Bitwise has filed an 8(a) form for its Spot Dogecoin ETF, initiating a 20-day SEC review window. This filing marks a significant milestone for the meme coin’s potential entry into regulated markets. According to Bloomberg Senior ETF Analyst Eric Balchunas, the move signals Bitwise’s intent to move forward rapidly with the listing, barring any regulatory intervention.
## What is the 8(a) Form Filing?
The 8(a) form acts as an automatic effectiveness application. When filed with U.S. securities exchanges, it allows an ETF to be listed automatically after 20 days unless the Securities and Exchange Commission (SEC) objects. This means the Spot Dogecoin ETF could potentially launch within three weeks.
Bitwise has demonstrated a pattern of expedited filings and robust compliance strategies in the ETF sector. Their decision to pursue a Dogecoin product highlights the growing institutional interest in meme-based assets and their expanding role within investment portfolios.
## Implications of the Filing
This filing represents one of the first attempts to list a Dogecoin-focused ETF under automatic approval conditions. If the SEC does not intervene, the ETF could become one of the few meme coin-based funds available in the United States.
Analysts note that such a listing would broaden investor access to DOGE and could enhance its legitimacy within the broader cryptocurrency landscape. The upcoming 20-day period is crucial, as it will determine whether the fund moves forward smoothly or faces additional regulatory scrutiny.
## DOGE Price and Technical Outlook
Amid the ETF filing momentum, DOGE’s price remains range-bound but shows notable volatility. As of the latest data from CoinGecko, DOGE trades at $0.1659 with a 24-hour trading volume of approximately $1.82 billion. The token has gained 1.16% over the past day but is down 10.68% over the last week.
Technical analyst NekoZ has identified a large symmetrical triangle pattern forming on DOGE’s weekly chart, now approaching its apex. DOGE currently sits near the lower boundary of this triangle, which is often a strong support and bounce zone.
A confirmed breakout above the upper trendline of this triangle could propel DOGE’s price toward $0.35, potentially triggering a new impulse phase. Market participants are closely watching these technical levels as the ETF narrative evolves.
## Looking Ahead
Historically, ETF milestones have influenced sentiment and price action across major cryptocurrencies. If DOGE maintains its current support levels, the combination of regulatory progress and favorable technical patterns could reshape its short-term trading trajectory.
The next few weeks will be critical for both the Spot Dogecoin ETF filing and DOGE’s price development.
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