- Bitwise amends filings for Dogecoin and Aptos ETFs.
- Increased likelihood of SEC approval by 2025 end.
- Potential broader institutional access to cryptocurrencies.
Bitwise Asset Management has submitted an amended S-1 filing to the U.S. Securities and Exchange Commission on June 26, 2025, enhancing its spot ETFs for Dogecoin (DOGE) and Aptos (APT).
Bitwise’s filing revisions are pivotal for the potential approval of altcoin ETFs, reflecting strategic adjustments amid enhanced SEC engagement patterns.
Bitwise Asset Management, known for its proactive ETF strategies, has revised its S-1 filings for Dogecoin and Aptos ETFs. The amendments include in-kind creation and redemption mechanisms. This adjustment aligns with Bitwise’s existing Bitcoin ETF model, enhancing operational efficiency through tax-efficient practices.
The SEC, overseeing this process, has not released direct statements. However, continued amendments indicate alignment with regulatory protocols. This movement aligns with previous pattern adjustments for Ethereum and Bitcoin ETFs.
The potential approval of these ETFs may significantly impact the cryptocurrency market, extending institutional participation. Analysts anticipate increased liquidity and shifts in market dynamics. Broader institutional access could stimulate growth in cryptocurrency adoption.
The overall market sentiment suggests an optimistic outlook for these ETF approvals. Analysts from Bloomberg predict a 90% approval probability by the end of October 2025. Historical trends also indicate that past ETF endorsements have driven similar market transitions and liquidity improvements.
“The probability of approval for these spot altcoin ETFs is now estimated at 90% for the end of October 2025, given the level of SEC engagement and the changes in filing structure.” — Eric Balchunas, Senior ETF Analyst, Bloomberg
