Bitwise registers DOGE ETF but prices remain uninspired, will the Trump administration approve meme coin funds?

Bitwise recently applied to register for the Dogecoin ETF in the US state of Trawa, but the market reacted lukewarmly to the news, and investors' expectations for the meme coin ETF remained cautious and conservative. BlackRock's most successful ETFissuance: IBIT raises $50 billion, BTC2025 challenges gold status) (Background added: Chinese can buy Hong Kong BTC ETF? Central Bank: will expand mainland investment in legal financial products in Hong Kong and Macao) According to the official website of the Telawa state government, asset management giant Bitwise has registered and established the Bitwise Dogecoin ETF on January 22, 2025, and designated CSC Delaware Trust Company as a registered agent. However, James Seyffart, an analyst at Bloomberg ETF, pointed out that this is only a trust registration and has not yet filed a formal ETF document with the US Securities and Exchange Commission (SEC), so it cannot be considered a true ETF application at this time. EXTENDED READING: U.S. FUND COMPANIES FILE WITH SEC FOR TRUMP, DOGE, BONK&...; Just earlier this week, U.S. fund firms Osprey Funds and Rex Shares teamed up to apply for the Trump meme coin TRUMP, BONK and other cryptocurrency ETFs. Memecoin ETF's "market bet" But will there be a meme coin ETF in the market soon? Adam Morgan McCarthy, senior analyst at Kaiko, said that despite the Trump administration's recent signals of support for cryptocurrency, the approval of meme coin ETFs such as DOGEcoin remains challenging. McCarthy believes that these applications are actually more like marketing, because the market for BTC ETFs is already very competitive and profit margins are limited. "ISSUANCE meme coin-related ETFs allow ISSUANCE companies to find a differentiated entry point in the fierce market." The market game has indeed changed, but it's still a high-stakes bet for meme coin-related ETFs. The new administration could accelerate the cryptocurrency ETF Since Trump's election, the cryptocurrency market has picked up significantly, with BTC rising 51% during this period. Fund issuance believes that the new government may speed up the review process for cryptocurrency-related ETFs, but the actual progress remains unclear. Take the BTC ETF, for example, BlackRock's BTC ETF currently manages more than $60 billion in assets, while Fidelity, the second-largest, manages about $23 billion. We are so back. Here's a massive list of all the current digital asset ETF filings that I'm aware of: pic.twitter.com/npHuTmox5K — James Seyffart (@JSeyff) January 21, 2025 DOGEcoin is not incentivized However, it may be because it has not officially applied to the SEC, or the market believes that the probability of approval is not high. The DOGECOIN (DOGE) price did not rise significantly after the news was released. The past week has been volatile. DOGEcoin price in the past week Related reports In less than a year, BlackRock BTCETF scale has surpassed its gold fund, bank analysis next year institutional adoption and then accelerate Chinese can buy Hong Kong BTC ETF? Central Bank: will expand mainland investment in legal financial products in Hong Kong and Macao Financial Regulatory Commission: Taiwan's virtual asset law February office hearing in June, Stable Coin into supervision, BTCETF open retail investor observation for another half a year "Bitwise registered DOGEcoin ETF but the price is not incentive, will the Trump administration pass the meme coin fund? This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".