Spotted polymycin ETF
It may be closer to reality.
An expert said ETF issuers updated their regulatory filings for their Dogecoin ETF on Thursday, suggesting that approval opportunities may increase.
“Bitwise has revised the S-1 for the S-1 for their spot Dogecoin ETF and their on-site Aptos ETF.” Eric Balchunas of Bloomberg Intelligence. “Good signs of SEC involvement and tracked with other on-site approvals.”
It is also worth noting that Dogecoin ETF application has been revised to include intrinsic redemption and creation, meaning brokerage dealers interacting with the ETF can trade shares directly for Doge Sogkens and vice versa.
“At this point, physical activity will be allowed in the on-site ETF of the Board of Directors,” Balchunas added.
As of now, all U.S.-based crypto ETFs have to exchange their tokens for cash and then exchange their cash for stocks (Or exchange stocks for cash and then use cash for tokens)create tax activities.
The news didn’t help much with the price, with Doge down by about 2% to $0.16 in the past 24 hours.
21shares Filed For Dogecoin ETF, grayscale has Filed Dogecoin Trust pays 2.5% off.
