Tag Archives: bitwise

general

Dogecoin Price Jumps 12% as Bitwise Spot ETF Launch Nears This November

Leave a comment

**Dogecoin Price Surges Over 12% Amid ETF Approval Anticipation**

Dogecoin (DOGE) experienced a notable rally this week, with its price surging more than 12% in a single day to break above the $0.17 mark. This bullish momentum comes as investors grow increasingly optimistic about the potential approval and launch of Bitwise’s Spot Dogecoin ETF, expected by November 12.

—

### Bitwise Moves Closer to Launching First Spot Dogecoin ETF

Bitwise Asset Management recently filed its fourth amendment to the S-1 registration form with the U.S. Securities and Exchange Commission (SEC). This submission triggered a 20-day automatic waiting period under Section 8(a), requiring the SEC to respond by November 12. If no objections are raised by then, the ETF will be approved by default.

Notably, the latest amendment removed the clause for delayed effectiveness, signaling Bitwise’s readiness to proceed. Upon approval, the fund will trade under the ticker symbol “BWOW” on the NYSE Arca exchange and directly track the CF Dogecoin-Dollar U.S. Settlement Price Index. Coinbase Custody will handle custody of DOGE holdings for the fund, with all fees, structure, and custody arrangements now finalized.

This development marks a significant milestone for meme-based assets entering the traditional finance arena, with market participants closely monitoring the SEC’s decision.

—

### Strong Resistance Near $0.20 Due to Whale Accumulation

Dogecoin faces a key resistance level around $0.20, created by substantial investor activity. On-chain data from Glassnode highlights that approximately 11.12 billion DOGE tokens were accumulated near this price point. This dense concentration forms a significant selling pressure zone, as identified by cost-basis distribution heatmaps.

For Dogecoin to sustain its upward trajectory, breaking through this $0.20 resistance with robust trading volume is crucial. Failure to overcome this barrier could result in sideways consolidation or a price retracement. A successful breakout, however, would shift attention to the next resistance level around $0.22.

—

### Bullish Technical Indicators Signal Short-Term Strength

As of November 8, Dogecoin was trading at approximately $0.1807. Technical analysis on the 4-hour DOGE/USD chart reveals growing bullish momentum:

– The Moving Average Convergence Divergence (MACD) line has crossed above the signal line, indicating increasing buying activity.
– The Relative Strength Index (RSI) has risen to 64, reflecting stronger short-term demand.

These signals suggest traders are positioning for a potential continuation of the uptrend. However, a dip below $0.18 could prompt a retest of the $0.16 support zone. Short-term traders are closely watching these levels in anticipation of further news regarding the ETF approval. A positive SEC decision could serve as a catalyst for higher prices in the near term.

—

### Broader Crypto Market Sees Mild Recovery; Dogecoin Leads Gains

The overall cryptocurrency market is gradually recovering from earlier losses. After dropping nearly 6% over the past week, the market rebounded by 1.4% in the last 24 hours. Dogecoin’s standout performance during this bounce highlights growing interest and renewed positive sentiment around meme coins.

—

**Conclusion**

Dogecoin’s recent price surge and strong technical signals, coupled with the impending potential approval of Bitwise’s Spot DOGE ETF, have created a favorable environment for the cryptocurrency. Investors and traders alike are watching the $0.20 resistance level closely, as breaking through it could pave the way for further gains. The coming weeks will be critical in determining Dogecoin’s trajectory amid broader market recovery and industry developments.
https://coincentral.com/dogecoin-price-jumps-12-as-bitwise-spot-etf-launch-nears-this-november/

business, finance, technology

Bitwise Updates Spot Dogecoin ETF Filing as DOGE Price Eyes $0.35

Leave a comment

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.

—

*The post Bitwise Updates Spot Dogecoin ETF Filing as DOGE Price Eyes $0.35 appeared first on Blockonomi.*
https://bitcoinethereumnews.com/tech/bitwise-updates-spot-dogecoin-etf-filing-as-doge-price-eyes-0-35/

general

Bitcoin retail buyer at ‘max desperation,’ but no crypto winter: Bitwise CIO

Leave a comment

Bitcoin’s fall below $100,000, its lowest level since June, has sparked fears that the worst is yet to come—a so-called crypto winter, a prolonged bear market in cryptocurrencies that the market wrestles with every time digital currencies sell off hard in a short period.

However, Bitwise Chief Investment Officer Matt Hougan offers a more optimistic view. While retail investors are currently in “max desperation” mode, he sees this as a potential sign that crypto prices may bottom out sooner rather than later.

Speaking on CNBC’s “Crypto World” on Tuesday, Hougan said, “It’s almost a tale of two markets. Crypto retail is in max desperation. We’ve seen leverage blowouts. The market for crypto-native retail is just more depressed than I’ve ever seen it.”

Despite this, Hougan believes that more crypto trading will continue to shift towards an institutionally driven market, which, interestingly, remains bullish. “When I go out and speak to institutions or financial advisors, they’re still excited to allocate to an asset class that, if you pan back and look over the course of a year, is still delivering very strong returns.”

“My view of the market is we have to get through this retail flush out. We have to hit bottom from a sentiment perspective. I think we’re very close to that,” he added.

The boom in crypto exchange-traded fund (ETF) launches—such as the iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and Grayscale Bitcoin Trust (GBTC)—is changing the investor composition. Although week-to-week flows into these ETFs have slowed since the second quarter, Hougan notes, “We continue to see strong inflows into bitcoin.”

He expects increased support for crypto to materialize toward the end of the year among financial advisors, who will likely look past the current dip and view it as “an opportunity to show their clients that they understand where this market is going.”

Bitwise’s own Solana staking ETF (BSOL) attracted over $400 million in flows during its first week. However, it has experienced a sharp sell-off amid the recent crypto downturn, losing nearly 20% since its October 28 debut.

Last week, Strategy CEO Michael Saylor told CNBC he believes bitcoin could reach $150,000 by the end of the year—one among several recent bullish calls that, for now, seem ill-timed given current conditions.

Still, Hougan does not dismiss Saylor’s prediction. “I think bitcoin could easily end the year at new all-time highs,” he said. “That means getting north of about $125,000 up to $130,000. Whether we’ll get all the way to $150,000, we’ll have to see.”

“I do think the sellers are nearing exhaustion and the buyers are still relatively hungry. When those two things cross paths, again, I think we could end the year close to or at new all-time highs. And if we’re lucky, we’ll get to Saylor’s target as well,” he added.

Hougan describes institutional investors as “more maybe even-keeled about what’s going on at a fundamental level in crypto” and believes they will start to drive the market forward.

“But we do have to finish this washout of retail sentiment. I think we’re closer to the end of that than the beginning, but there always could be a little bit more downside,” he concluded.
https://bitcoinethereumnews.com/bitcoin/bitcoin-retail-buyer-at-max-desperation-but-no-crypto-winter-bitwise-cio/

general

XRP ETF Countdown: Bitwise Inches Closer to Approval as SEC Review Nears End

Leave a comment

After years of anticipation, XRP may finally be on the verge of gaining its first U.S. exchange-traded fund (ETF). Asset management powerhouse Bitwise, which oversees more than $15 billion in digital and traditional assets, has filed a new amendment to its XRP ETF application—an update that market watchers believe could signal the finish line for regulatory approval.

The latest submission, Amendment No. 4, filed with the U.S. Securities and Exchange Commission (SEC), includes key final details often added just before an ETF is cleared for launch. Among them, Bitwise revealed that its proposed XRP fund will be listed on the New York Stock Exchange (NYSE) and carry a management fee of 0.34%. Industry observers point out that these additions usually mark the final step before the SEC’s green light.

### Analysts Hint at a 20-Day Launch Window

Several ETF analysts interpret Bitwise’s filing as a strong sign that approval may arrive within weeks rather than months. Bloomberg Intelligence’s Eric Balchunas noted that specifying both the fee and exchange typically means “all the boxes have been checked.” His colleague James Seyffart went further, suggesting that the revised wording in Bitwise’s filing could enable trading to begin within 20 days, provided no last-minute regulatory hurdles arise.

Bitwise isn’t alone in the race. Competitors including VanEck, Fidelity, and Canary Funds have also recently refreshed their XRP ETF filings, each seeking to secure an early-mover advantage in what could become a landmark moment for the digital asset.

Canary Funds, for instance, removed a key procedural delay from its own submission—an adjustment that may allow its product to go live as soon as mid-November if the Nasdaq grants final clearance.

### Why XRP’s ETF Matters

An XRP ETF would be a turning point for both the token and the broader crypto market. Unlike derivatives-based products, a spot ETF holds the actual digital asset, allowing investors to gain exposure to XRP’s price movements without directly owning it. Such a product could open the doors for institutional investors—hedge funds, pension funds, and wealth managers—to access XRP through traditional brokerage accounts.

XRP’s inclusion in the ETF landscape would also mark the first time the SEC has permitted a spot fund for the cryptocurrency, following its earlier battles with Ripple over the classification of XRP as a security. That legal fight, partially resolved in 2023, cleared the path for regulatory reassessment and helped restore institutional interest in the token.

### Market Reacts to Bitwise’s Filing

News of Bitwise’s filing sparked renewed optimism among traders, with XRP’s price edging up to around $2.51. The token has maintained a steady uptrend since early October, driven by speculation that an ETF could supercharge demand.

Analysts caution, however, that the price remains capped near the $2.75 resistance zone—a level that has repeatedly rejected bullish attempts since the start of Q4. If buyers manage to push past that threshold, XRP could retest the $3 psychological barrier, a move that would bring it close to its 2018 all-time high.

Conversely, if momentum fades, analysts expect a short-term correction toward the $2 support range, which coincides with the lower boundary of its long-term ascending channel.

### The Bigger Picture

The XRP ETF race underscores how rapidly traditional finance is embracing digital assets, following the explosive success of Bitcoin and Ethereum ETFs earlier in the year. A U.S.-listed XRP ETF could strengthen the token’s legitimacy among mainstream investors and deepen liquidity in global markets.

With several filings now in their final stages, the next few weeks could determine which issuer—Bitwise, Fidelity, or VanEck—will be the first to make XRP accessible on Wall Street. If Bitwise’s prediction holds, the approval could arrive before the end of November, ushering in a new era for XRP and potentially igniting the next wave of institutional adoption in crypto.

—

*The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.*

—

**Author**
Alex, Reporter at Coindoo

Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
https://coindoo.com/xrp-etf-countdown-bitwise-inches-closer-to-approval-as-sec-review-nears-end/