Followin' the largest memecoin in the crypto market, Dogecoin (DOGE), has been chosen by Bitwise to be the next asset to be ETF-ized. Bitwise files for Dogecoin ETF Accordin' to the disclosure filed in the early mornin' of January 23, 2025, asset management firm Bitwise is preparin' the procedures to establish an ETF fund dedicated to Dogecoin (DOGE). Dogecoin is a memecoin created in 2023, inspired by the famous Doge dog image at the time. After many ups and downs, Dogecoin has gradually become the largest memecoin in the crypto market with a market Cap of $53 Bit, rankin' 7th in the overall crypto industry. Bit 2021, the price fluctuations of Dogecoin have been tied to the actions of Tesla CEO and X social network owner Elon Musk, when the Bitionaire has shown a great fondness for the Doge meme and often shares it on his personal account. Musk has allowed his electric vehicle company to accept DOGE as a payment method, as well as revealed that he personally holds the DOGE token, though he did not disclose the specific amount. Bit 2024, Dogecoin continued to be brought to attention by Elon Musk with the initiative of the Department of Government Efficiency (DOGE), which has already been approved by the new US President Donald Trump and appointed Musk as the leader. Dogecoin has long been predicted to be one of the cryptocurrencies that could have an ETF established after Bitcoin and Ethereum. ETF expert Nate Gercai recently shared: "I'm still shocked that no one has stepped up to file for a Dogecoin ETF. It's the 7th largest crypto by market Cap. Worst case, the issuer just spends some marketing money. But best case, you get an extremely lenient SEC who approves it, plus Elon touting it." Just yesterday, two fund management firms, Osprey and REX, have filed for 7 new crypto ETFs for Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL), along with 3 memecoins Dogecoin (DOGE), Bonk (BONK) and Official Trump (TRUMP) - the official memecoin of US President Donald Trump launched last week, which has quickly reversed the entire crypto industry. Accordin' to statistics from Bloomberg, there are currently 33 crypto ETF proposals awaiting approval from the US Securities and Exchange Commission (SEC), and this number may increase further with the open legal environment for cryptocurrencies under the Trump administration. Coin68 summary