A landmark event occurred in the US last week. While there was no explicit SEC approval at this point, the Solana (SOL), Litecoin (LTC), and Hedera (HBAR) ETFs began trading.
While Solana has had a good run, the performance of the LTC and HBAR ETFs has paled in comparison to the SOL ETF.
Although the government shutdown in the US lasts longer than expected, it is stated that the next ETFs to start trading will be XRP and Dogecoin (DOGE).
At this point, Bloomberg senior ETF analyst Eric Balchunas noted that Bitwise has filed an 8(a) form for its Spot Dogecoin ETF.
Form 8(a) is an automatic validation application filed with U.S. securities exchanges that automatically grants approval for listing of an ETF unless the SEC intervenes within 20 days, i.e., explicitly delays/denies it.
Accordingly, Eric Balchunas said that the Bitwise Dogecoin spot ETF could start trading within 20 days.
As you may recall, Canary Capital CEO Steven McClurg also recently pointed to next week for the launch of XRP ETFs.
“We are ready to launch the XRP ETF next week,” said the famous CEO.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/the-probable-launch-date-for-spot-dogecoin-doge-etfs-has-been-announced-here-are-the-details/
