Optimism For Aptos And Dogecoin ETF Approval Grows As Bitwise Amends Filing

Bitwise has amended its Dogecoin ETF and Aptos ETF filings, providing more optimism that the US Securities and Exchange Commission is working towards approving these funds. Bloomberg analysts Eric Balchunas and James Seyffart have already suggested that a DOGE ETF this year is more likely, and it is just a matter of when and not if.

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Bitwise Files Amended S-1 For Dogecoin ETF And Aptos ETF

A SEC filing shows that the asset manager has filed an amended S-1 for its Dogecoin ETF. Meanwhile, another SEC filing also reveals that Bitwise has made changes to the registration statement for its Aptos ETF.

This move comes just weeks after the firm amended the S-1 for its Solana ETF alongside the other prospective issuers. In an X post, Bloomberg analyst Eric Balchunas noted that the latest filings from Bitwise are a good sign as it indicates SEC engagement and tracks with other spot approvals.

Balchunas also noted that “one huge” update to the Dogecoin ETF filing is the in-kind creations and redemptions. He remarked that they were nonexistent in the initial filing in January, when the asset manager first filed the S-1 for a DOGE ETF. The analyst added that it is a near lock at this point that in-kind will be allowed in spot ETFs across the board.

It is worth mentioning that there is no 19b-4 filing for Bitwise’s Aptos ETF. On the other hand, the New York Stock Exchange (NYSE) has already filed a 19b-4 for the DOGE, which has already kickstarted the approval process.

Bitwise is one of three asset managers that have filed to offer a Dogecoin ETF, alongside Grayscale and 21Shares. Balchunas and his colleague James Seyffart recently raised the odds of approval for a DOGE ETF this year to 90%. The final deadline for the SEC to approve these funds is October 17.

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