Asset manager Bitwise has submitted a registration filing for a Dogecoin exchange-traded fund (ETF), following similar filings by investment firms Rex Shares and Osprey Funds. Despite the positive sentiment typically associated with ETF filings, the announcement did not result in an expected price increase for Dogecoin, instead seeing a 5% drop in value. The filing in Delaware is a preliminary step before an official ETF proposal can be submitted to the SEC. Increased demand driven by the ETF could potentially drive up Dogecoin prices. As of now, Dogecoin is down 5.61% in the last 24 hours amid a broader market sell-off.



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