20-Day Auto-Approval for Bitwise & Grayscale Spot DOGE ETFs
Asset managers Bitwise and Grayscale have triggered a 20-day countdown to launch spot Dogecoin ETFs under the SEC’s Section 8(a) auto-approval mechanism. By filing and amending S-1 forms, both aim to bypass standard SEC delays, allowing their spot DOGE ETF registrations to become effective automatically unless the SEC intervenes. This streamlined process follows the successful debut of Bitcoin and Ethereum spot crypto ETFs and could open Dogecoin ETF access to retail and institutional investors via brokerage accounts. Key advantages include simplified tax reporting, enhanced custody security, and eligibility for retirement accounts. However, the SEC may still delay approval within the 20-day window. If approved, these spot DOGE ETFs could boost liquidity, drive demand for meme coins, and pave the way for future crypto ETF filings.
Bullish
The auto-approval filings by Bitwise and Grayscale signal strong institutional momentum toward regulated Dogecoin exposure. In the short term, anticipation around a spot DOGE ETF can drive speculative buying and price spikes as traders front-run potential inflows. Over the long term, ETF listings historically attract sustained institutional and retail capital—increasing liquidity and legitimizing the asset. The precedent set by Bitcoin and Ethereum spot ETFs suggests a similar bullish trajectory for DOGE, though actual SEC intervention remains a variable.