Bitwise, a crypto index fund manager, has filed an S-1 document with the Securities and Exchange Commission (SEC) seeking approval to launch an exchange-traded fund (ETF) tied to the price of Dogecoin (DOGE).

The filing with the securities regulator came about a week after Bitwise registered a Dogecoin ETF trust in the state of Delaware.

Is a DOGE ETF Imminent?

The SEC must approve two forms, S-1 and 19b-4, for listing and trading ETFs on public exchanges. The S-1 forms are submitted by the issuer with product details, while the 19b-4 forms, submitted by the listing exchange, outline conditions and amend listing rules for a new product.

Bitwise is not the first company to seek approval for a Dogecoin ETF. Earlier, Rex Shares and Osprey Funds sought regulatory approval for several crypto ETFs, including Dogecoin. However, the two firms' S-1 filings for a Dogecoin ETF differ.

Bitwise is seeking a DOGE ETF under the 33 Act rather than the 40 Act, which Rex and Osprey filed under, Bloomberg Intelligence senior ETF analyst Eric Balchunas pointed out.