Crypto asset manager Bitwise has filed an application to launch a Dogecoin exchange - traded fund (ETF), in a further sign that US policymakers are gearing up for the crypto sector.

The application was submitted to federal regulators on Tuesday, marking the latest step by the issuer towards launching a Dogecoin ETF, following the legal groundwork laid last week. If approved, it would give investors exposure to the price movements of the eighth - largest cryptocurrency by market capitalization.

Dogecoin was trading at $0.32 at the time of writing, according to Coingecko data. The asset reached a three - year high of $0.475 last November, when Elon Musk tweeted about founding his eponymous off - government agency, D.O.G.E.

Exchange - traded funds are investment vehicles that enable investors to gain exposure to an asset without directly investing in it. US federal regulators approved Bitcoin - and Ethereum - based ETFs in the first half of 2024, sparking a rush into digital assets. According to a CoinShares report released on Monday, such digital - asset - based funds attracted over $4 billion in investment in 2025.

Now, with a new regulatory regime as President Donald Trump's Securities and Exchange Commission (SEC) takes the helm, some speculate that approvals for other cryptocurrency - based funds will soon follow.

Bitwise's filing of the Dogecoin ETF application with the SEC comes just days after the company registered a statutory trust for the fund. The trust was registered last week through CSC Delaware Trust Company in Wilmington, laying the legal groundwork for the asset manager to apply for its ETF.

The meme - coin - based fund would add to the issuer's two existing products trading on US stock exchanges - the Bitwise Bitcoin ETF and the Bitwise Ethereum ETF. Meanwhile, the asset manager also applied for Solana - and XRP - based ETFs late last year, in a bid to expand its digital - asset - based investment offerings. Other issuers have also followed Bitwise's lead, filing applications to launch funds in the US that would hold tokens like the official Trump, Bunker, and HBAR.

The SEC typically has 45 days from the filing date to make an initial decision to approve, reject, or extend its review of an ETF application. This time frame can be extended multiple times, and the final deadline for a final decision is usually set within 240 days of the initial submission.