With the launch of the first Dogecoin ETF in the U.S., the Dogecoin community eagerly awaits the launch of another new spot ETF: the Bitwise Dogecoin ETF.
In a tweet, asset manager Bitwise highlighted that the Dogecoin ETF was coming soon. The new Bitwise spot Dogecoin ETF is expected to begin trading on Wednesday, Nov. 26, under the ticker BWOW. Â
Grayscale Dogecoin GDOG started trading on NYSE Arca on Monday, marking the first Dogecoin ETP in the U.S. The GDOG fund marks a conversion of Grayscale’s existing DOGE futures used to seed the new spot ETF.
According to Bloomberg senior ETF analyst Eric Balchunas, GDOG saw $1.4 million volume on Day One, which is solid for an average launch but low for a “first-ever spot” product.
Dogecoin eyes major December
According to recent reports, Dogecoin is getting added to the Franklin Templeton Crypto Index ETF 🇺🇸. Franklin’s EZPZ ETF is expanding beyond BTC and ETH to include Dogecoin and other crypto assets. The ETF is anticipated for a Dec. 1 launch.
Over the weekend, major crypto exchange Coinbase announced that December might be a major one for altcoin traders, including Dogecoin. According to Coinbase, beginning Dec. 5, 24/7 trading will be available for all altcoin monthly futures from Coinbase Derivatives.
On Dec. 12, Coinbase would be launching new U.S. perpetual-style futures for all altcoins, including Dogecoin.
The launch would give retail traders access to one of the most widely used derivatives products in crypto within a regulated environment. Also, Dogecoin traders would also enjoy round-the-clock and weekend trading of its monthly futures on the Coinbase derivatives platform.