NYSE Arca presented a 19B-4 file with the US Securities and Stock Exchange Committee (SEC) to list the Bitwise ETF.
According to the deposit, Coinbase will be a trustee. Meanwhile, New York Mellon will manage cash, management and records.
NYSE FILES 19-B4 for BitWise Dogecoin Etf
The introduction of 19B-4 to Dogecoin ETF comes more than a month after the S-1 is presented with SEC.
According to the provisions of Article 19 (B) (1) of the Securities Exchange Law of 1934, in its amended form (“verb” or “Law 34”) and Rule 19B-4, Nyse Arca, Inc. presentation Read.
As details of 19-B, the proposed eTF will hold Dogecoin as its main asset and determine the net value of the assets (NAV) daily using the CF DOGECOIN-DOLRAR leveling price, a standard pricing standard. This means that the ETF value will closely track the price of the Dogoin Market.
Unlike BitWise, GrayScale and Rex shares also provided ETF DOGE. It is worth noting that the ETF DOGECOIN’s proposal from Grayscale is in addition to the organizational process, as SEC has already admitted to present it.
Meanwhile, market morale towards ETF DOGECOIN in 2025 turns into increased optimism. The latest data from the Polymarkket platform indicated a 67 % chance for approval, with a significant increase of 55 % one day ago.
This increased confidence is strengthened by Bloomberg analysts, who have expected a 75 % chance for approval this year. Although the approval is not guaranteed, the increasing difficulties indicate that investor morale turns in favor of the organizer ETF DOGECOIN who is entering the market this year.
This development represents an important milestone for Dogecoin, an encrypted currency that was originally launched as a joke in 2013, but it has since become the best Mimi currency, enjoying a market capital of more than $ 28 billion.
Despite the increasing optimism, the wider macroeconomic conditions were largely weighed on the price of Doug.
At the time of this report, the Meme currency has been traded at $ 0.19, reflecting a 15.79 % decrease over the past 24 hours. Trading volume also achieved success, which indicates a 16.80 % decrease, indicating poor market activity despite the list of ETF.
Disintegration
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