NYSE Arca certifies Bitwise Dogecoin ETF, signaling its imminent launch

The New York Stock Exchange has approved the listing for another Dogecoin exchange-traded fund, clearing the way for Bitwise's fund.

The Bitwise Dogecoin ETF (ticker BWOW) could list as soon as Wednesday after NYSE Arca, the subsidiary of the NYSE Group, certified its listing and registration on Tuesday.

"The NYSE Arca certifies its approval for listing and registration of the Common Shares of Beneficial Interest of Bitwise Dogecoin ETF, a series of Bitwise Dogecoin ETF, under the Exchange Act of 1934," according to the filing.

BWOW would be the latest fund out of the gate following the launches of the Grayscale Dogecoin ETF on Monday and of the REX-Osprey DOGE ETF in September. The latter one took a different approach since it is registered under the Investment Company Act of 1940 — a federal law that regulates investment funds that pool capital from investors to pursue a common investment strategy. That approach allows funds to be actively managed.

The Bitwise Dogecoin ETF looks to provide exposure to the memecoin's value and said Coinbase Custody Trust Company, LLC will serve as the custodian, according to a previous registration statement.

Dogecoin is the 10th largest crypto by market capitalization at $23 billion, according to The Block's price page. The coin started as a meme featuring the Shiba Inu dog that later caught billionaire Elon Musk's attention as the billionaire regularly posted about the memecoin. In 2022, Musk was accused of orchestrating a pyramid scheme by hyping the coin in a class action lawsuit. That lawsuit was later dismissed in 2024.

In 2025, Musk, along with former presidential candidate Vivek Ramaswamy, led the Department of Government Efficiency, or DOGE. This past week, Reuters reported that the department had been disbanded earlier than expected.

Other crypto ETFs are expected to launch over the next few weeks following the debut of several different funds tracking Litecoin, HBAR, XRP, and SOL.