Bitwise has registered for an ETF product tracking the world’s largest memecoin as the crypto subsector becomes more prominent within the market.

Crypto index fund manager Bitwise has submitted a filing for a Dogecoin ETF, prompting analyst Ali Martinez to say it could fire DOGE to $15.

Another company has shown interest in memecoin ETFs as Bitwise took the first step toward issuing a $DOGE ETF, registering a Bitwise Dogecoin ETF entity in Delaware Wednesday.

The crypto asset manager's latest business filing signals a potential expansion into a new category of ETFs made based around Dogecoin.

DOGE, the leading dog-themed meme cryptocurrency, is experiencing highlighted volatility this week amid Donald Trump’s inauguration and ETF hype. This current consolidation maintains above $0.35 Dogecoin price and strengthens the formation of a bullish continuation pattern called ‘Pennant’.

Bitwise Asset Management has reportedly filed for a Dogecoin (DOGE) exchange-traded fund (ETF). The company is said to have registered “BITWISE DOGECOIN ETF” as a legal entity with Delaware’s Department of State’s Division of Corporations,

Crypto fund manager Bitwise Asset Management has officially filed for a Dogecoin (DOGE) exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The news broke after the company submitted its registration to the Delaware Department of State’s Division of Corporations on Jan.