the NYSE Arca Recently submitted a proposal to existing shares bitwise dogecoin etfA box that can be served Direct exposure to DogecoinPopular Mumikoin.
This initiative, if you agree to it Securities and Stock Exchange Committee (SEC)It will represent a A big step forward to Founding investors and investors for sale in retail In the United States. the ETFIn fact, it will allow Organized access to DogecoinDigital currency witnessed a The increased attention In recent years.
NYSE: Coinbase as a goalkeeper for BitWise Dogecoin Etf
the ETF Suggest Bitwise Asset Management Use a system Critical creations and sincerity. This means that Dogoin investors will not manage directlyBut they can still Take advantage of value fluctuations.
- Coinbase Chosen A guardian.
- the New York Melon Bank It will deal with Nursery and cash management functions.
This approach guarantees a The level of security and reliabilityDecisive to attract More traditional investors.
The process of approval and market effects
on March 3and NYSE Arca Presented Form 19B-4 to SEC. This model, then consentIt will be allowed to exchange ETF menu.
bitwise Already S-1 registration form in JanuaryShow a Strong commitment To launch this financial product. If approved, and bitwise dogecoin etf Be One of the first investment funds circulated in the United Statessituation An important precedent For other similar products in the future.
despite The initial enthusiasmPrices Dokwin It did not interact positively To the presentation news. On the contrary, Memecoin value She fell 15 %In the context of a Expand a wider encryption marketWho saw a A general decrease in prices.
Competition and other ETF initiatives
Parallel to ProPosta di bitwisethe Nasdak A A similar proposal for Hedra Trust’s confidenceAnd that will follow Hbar pricethe The original symbol of the Hedra network.
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This indicates The increased attention In creation Organized financial products associated Cross currenciesIt is reflected Change in the SEC position Towards encrypted currencies. In fact, it was there Many requests for investment funds circulated on altcoins Love CardanoSolana, polkadot, Litecoin, and Xrp.
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Reflections on the future of the encryption market
suggestion bitwise dogecoin etf It represents an important step towards integrating encrypted currencies Traditional financial markets. If approved, the road may pave the way for more developments in the sector Regulatory currencies.
However, it remains to see how the market will interact and if investors will have this new opportunity. The decisive question is: Is the cryptocurrency market ready for? Greater And integration in traditional financial markets?
