Bitwise has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch a spot Dogecoin exchange-traded fund (ETF), marking a significant step in bringing the popular memecoin into mainstream finance.

According to Bitwise’s Jan. 28 filing, the proposed ETF would directly hold Dogecoin and track its price movements. Bloomberg ETF analyst James Seyffart highlighted that Bitwise had previously registered a Dogecoin trust in Delaware on Jan. 22, but the latest SEC submission makes the move official.

The filing comes as a wave of memecoin ETFs emerges in the U.S., with firms like Osprey Funds, REX Shares, and Tuttle Capital proposing products that track or leverage bets on Dogecoin and even Trump-themed tokens. Seyffart noted that fund issuers are “testing the limits” of what the SEC is willing to approve, following Tuttle’s recent filing for 10 leveraged ETFs tied to cryptocurrencies and memecoins.

For the Bitwise Dogecoin ETF to move forward, the SEC must review both its S-1 and a corresponding 19b-4 filing, which initiates the approval process. Since its launch in 2015, Dogecoin has grown to an impressive $47 billion market capitalization, ranking as the eighth-largest cryptocurrency.

Coinbase Custody is listed as the proposed custodian for the ETF, aligning with other crypto exchange-traded products. However, Bitwise has yet to disclose key details such as the fund’s ticker, fees, or which stock exchange it would be listed on if approved.

This latest filing follows Bitwise’s recent push for other crypto ETFs, including those for Solana and XRP, as well as a Bitwise 10 Crypto Index Fund, which would track ten major cryptocurrencies. The move underscores the growing institutional interest in diverse crypto investment vehicles, despite regulatory uncertainty.