The Asset and Issuer of the Exchange Fund (ETF) BitWise Invest officially submitted the S-1 form to the American Securities and Stock Exchange Commission (SEC) at ETF Dogecoin.

This application, submitted on Monday, follows the previous application submitted last week in Delaware, which means a key moment for the cryptocurrency landscape.

BitWise’s Dogecoin ETF Application is indifferent to the market

James Seyffart, an ETF expert in Bloomberg, noticed that a recent notification was provided after prior registration of the Bitise Trust. “We knew it was coming,” Seyffart he noticedemphasizing the growing interest of ETF with cryptocurrencies as regulatory brightness appears.

However, despite the optimism surrounding the exploit of Dogecoin ETF, Doge showed a slight reaction, continuing trading around 0.320 USD, reflecting losses of 3.4% in the last 24 hours and 16% over the past week.

This development occurs against the background of the growing regulatory positivity in the United States, coinciding with President Trump’s back to the White House after the second term after winning in November.

Trump’s return to the political arena intensified the re -feeling of trust in the regulatory environment, which suggests potential changes that could favor cryptocurrency investments.

Asset managers press the approval of ETF cryptocurrencies

Falry ETF applications are not narrow to battles; Other asset managers, such as Cinshares, Tuttle Capital and Grandals, are also looking for consent to their own ETF with cryptocurrencies, which include resources such as Solana (SOL), Litecoin (LTC) and Cardano (ADA), along with more speculative options, such as Memecoins Trump and Melania.

Seyffart now emphasized Last week, this moment is crucial for issuers when they examine the boundaries of what SEC will allow. It is expected that the establishment of a modern cryptocurrency task group, run by the Commissioner for Pro-Cryptowa, will play an critical role in shaping the regulatory framework of these products.

The result of the efforts of this task group will have a key role in determining whether SEC will agree to various index funds, including ETF Dogecoin’s Bitwe.

A distinguished picture from Dall-E, chart from tradingview.com