Bitwise’s Spot Dogecoin ETF Set to Hit NYSE Under Ticker ‘BWOW’ as DOGE Price Surges

Updated

November 7, 2025

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Gambar Bitwise’s Spot Dogecoin ETF Set to Hit NYSE Under Ticker ‘BWOW’ as DOGE Price Surges

Jakarta, Pintu News – Bitwise is preparing to launch its Dogecoin spot ETF, after the company amended its filing to add a ticker code, fees, and other important details. The final deadline for the US Securities and Exchange Commission (SEC) to make a decision on the ETF is November 12.

Will a Dogecoin ETF that tracks the DOGE spot price be approved next week, or will it automatically apply to be listed and traded later this month?

Bitwise Dogecoin ETF set to launch by end of November

Asset manager Bitwise has filed a fourth amendment to its Dogecoin spot ETF application, according to an S-1 document filed with the US Securities and Exchange Commission (SEC). The investment objective of the trust is to provide exposure to Dogecoin, by tracking the spot price of DOGE based on the CF Dogecoin-Dollar US Settlement Price Index.

Looks like Bitwise is doing the 8(a) move for their spot Dogecoin ETF, which basically means they plan on going effective in 20 days barring an intervention. pic.twitter.com/y8jyxbYKXQ
— Eric Balchunas (@EricBalchunas) November 6, 2025

Bitwise revealed that the ticker symbol for this ETF is BWOW, with plans to list and begin trading on NYSE Arca by the end of November. Coinbase Custody will act as the custodian to hold the DOGE assets belonging to this Bitwise ETF, while BNY Mellon will be the custodian for the cash funds.

In addition, Bitwise Asset Management will act as a seed capital investor. The company has agreed to purchase $200 worth of shares on November 3, with delivery of eight shares at $25 per share. In addition, Bitwise Investment Manager also plans to purchase an initial $2.5 million worth of shares.

Bitwise’s Dogecoin Spot ETF announces temporary management fee waiver

Asset manager Bitwise announced that its Dogecoin spot ETF will charge a management fee of 0.34%. However, the entire sponsorship fee will be waived for the first month, specifically for DOGE holdings of up to $500 million as of the ETF’s listing date on the exchange.

Bloomberg’s ETF analyst Eric Balchunas explains that “Bitwise is doing an 8(a) step for their spot Dogecoin ETF, which basically means it will be automatically effective in 20 days unless there is an intervention.” This means that this Dogecoin ETF will automatically become effective through 8-A and CERT filings.

If the government shutdown ends, the SEC may give its final decision by the November 12 deadline. If approved, this spot Dogecoin ETF will likely start trading next week.

Previously, 21Shares had also amended its Dogecoin ETF filing by adding the TDOG ticker symbol and other important details. The ETF is planned to be listed and traded on the Nasdaq exchange.

DOGE Price Increases

Dogecoin price rose nearly 1.30% on November 7 after traders reacted quickly to the news of a spot Dogecoin ETF from Bitwise. Currently, the DOGE price is trading at $0.166, with the lowest and highest levels in the last 24 hours at $0.1577 and $0.1661, respectively.

However, trading volumes have decreased by 2% to $1.92 billion in the last 24 hours. This decline indicates cautious trading, as the market fears a potential further decline in the overall crypto market.

Meanwhile, the derivatives market has also reflected DOGE buying in recent hours, according to data from Coinglass. Total open interest for DOGE futures jumped 2.30% to $1.40 billion in the last 4 hours.

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