Bitwise Asset Management has indicated that its upcoming Dogecoin exchange-traded fund, BWOW, may be approaching a critical regulatory milestone.
In a post on X (formerly Twitter), Bitwise confirmed that the BWOW registration statement is currently under review by the SEC. The firm emphasized that the ETF cannot be promoted or offered to investors until the regulator completes its review.
If approved, BWOW would provide U.S. investors with regulated exposure to Dogecoin. Consequently, this could broaden institutional access to the popular meme coin.
ETF Launch Patterns Highlight Market Hesitation
Notably, BWOW’s review comes amid ongoing demand for other crypto ETFs. Grayscale’s GDOG, the first spot Dogecoin ETF in the U.S., began trading on November 24 but recorded no inflows on launch day, according to SoSoValue data.
Similarly, this mirrored the debut of Canary Capital’s XRP ETF, XRPC, which also initially saw zero inflows. However, XRPC attracted $243.05 million the following day, suggesting that investor interest may build after an initial period of caution. These recent launches provide context for how BWOW might perform once it reaches the market.
Bitwise Navigates SEC Process With Strategic Resubmission
Bitwise’s current progress is tied to a procedural step taken earlier in November. Specifically, the firm resubmitted its S-1 filing without a delaying amendment, which automatically started the 20-day review window under Section 8(a) of the Securities Act.
According to Bloomberg ETF analyst Eric Balchunas, this move could allow the BWOW filing to become effective by November 26, 2025, if the SEC does not intervene.
The Bitwise Dogecoin ETF (ticker: $BWOW).
Coming soon. pic.twitter.com/XyQ7NtS7kU
— Bitwise (@BitwiseInvest) November 24, 2025
Grayscale employed a similar approach for its own ETF, reinforcing expectations that BWOW may follow a comparable approval path.
This update comes shortly after Bitwise launched its spot XRP ETF on the NYSE on November 20, underscoring the firm’s active push into the digital-asset ETF market.
DOGE Holds Key Technical Support
As of this writing, Dogecoin is trading above a long-standing support zone between $0.13 and $0.14. The token remains inside a descending channel and faces steady resistance near $0.16.
A breakout above $0.16 could target $0.18, aligning with the mid-range of the Bollinger Bands. RSI is around 40, and MACD shows flattened momentum.
In a bullish scenario, Dogecoin could reach $0.21, a level that capped the rally in September. Conversely, failure to hold current support could push DOGE toward $0.12, a level not revisited since early 2025.
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