Bitwise Adds 'In-Kind' Feature to DOGE ETF Filing Amid SEC Review

- Bitwise amended its Dogecoin ETF filing and enhanced its functionality with 'in-kind' creation and redemption. - SEC collaboration indicates progress toward potential regulatory approval. On June 26, 2025, Cryptopolitan reported that Bitwise Asset Management amended its S-1 registration filing for a spot Dogecoin ETF, introducing “in-kind” creation and redemption features. This update marks a significant step forward in its engagement with the U.S. Securities and Exchange Commission (SEC) and signals potential progress toward regulatory approval. The amended filing underscores the inclusion of “in-kind” mechanisms, which allow authorized participants to directly deliver or receive Dogecoin. This innovation is designed to minimize slippage and enhance tax efficiency—hallmarks of well-structured, spot crypto ETFs. Bloomberg Intelligence Senior ETF Analyst Eric Balchunas stated that the update indicates strengthened collaboration with the SEC, viewing this as a promising development amid ongoing regulatory scrutiny. Furthermore, analysts view consistent communication with the Commission as a critical factor in advancing toward approval. Bitwise initially filed its application under the Securities Act of 1933, aligning it with the regulatory framework for commodity- and physically-backed ETFs. Additionally, the filing highlights Coinbase Custody's role as the proposed fund's custodian, which adds credibility and security to the investment vehicle. However, on June 12, 2025, the SEC postponed its decision, citing persistent concerns over market risks and investor protections. The 19b-4 proposal, submitted by the New York Stock Exchange, remains under formal review, and the SEC expects to make a final determination by October 17, 2025. Observers have dubbed Dogecoin a “meme coin,” as it has historically drawn its value from social media-driven sentiment and endorsements from figures such as Elon Musk. Despite these origins, Dogecoin’s features—including inflationary supply, low transaction fees, and speedy processing—have bolstered its adoption for online payments. Consequently, these qualities position it as a distinctive candidate for a specialized crypto ETF. As of June 26, 17:17 UTC, Dogecoin (DOGE) traded at $0.16. According to market data, this price reflected a 2.911% decrease over the past 24 hours.