Xor Registers Delaware Entity for Potential Dogecoin ETF

Bitwise Asset Management has registered a Dogecoin ETF object in Delaware, a move that had opened future exchange-traded cash centered on the market ’s sperm image gold.

The property management company registered” BITWISE DOGECOIN ETF” as a legal trust on Wednesday through CSC Delaware Trust Company in Wilmington, according to a registration on Wednesday.

A source familiar with the matter has confirmed with by telephone that Binary is working on a Dogecoin ETF, though facts on its development are limited and personal for today.  

Spectators note that the Delaware membership simply represents an initial administrative action toward what could be an ETF start.

” This is just a subscription for a trust. Assuming it ’s true [… ] it ’s however not an official ETF registration with the SEC,” Bloomberg Senior Analyst James Seyffart wrote on X.

Seyffart’s remarks indicate that the Delaware registration is preliminary in character. Despite its legality, the registration may be misconstrued as an ETF plan.

A Delaware legal believe serves as a legal foundation that would help firms such as Bitwise to release expense products like ETFs.

A documented trust provides a company with tax advantages, establishes clear management, and separates any possible Fund resources from the business ’s other business activities.

In this case, Bitwise would still need to file a comprehensive application with the SEC before any potential product could come to market.

Bitwise, which manages over$ 12 billion in crypto assets, has positioned itself and its products as an avenue for institutional crypto adoption.  

The firm has previously signaled interest in expanding its ETF offerings beyond major cryptocurrencies. In October 2024, Bitwise moved to combine its Bitcoin and Ethereum ETF offerings. By November of the same year, the firm had filed for a Solana ETF.  

The Delaware registration follows similar preparatory moves seen before previous crypto ETF applications. Asset managers typically secure business entities ahead of formal SEC filings.

The timing also coincides with increased institutional appetite for crypto exposure through regulated products. Multiple asset managers have filed for various crypto-related ETFs in recent weeks.  

VanEck filed for an “onchain economy” ETF on January 15, while ”protected ” Bitcoin ETFs were likewise greenlit by the Securities and Exchange Commission for trading this week.