Bitwise asset management has filed S-1 registration declarations modified to the SECURITIES and EXCHANGE (SEC) commission of the United States for its ETF proposed on DOGECOIN and SPOT APTOS ETF. The modified S-1 file follows the delay of June 12, 2025 of the American SEC on the FNB of Dogecoin, by which the agency cited market risks and investor protection problems.
According to the modified S-1 file, Bitwise introduced has introduced creations and redemptions in kind to allow authorized participants to exchange shares directly against Dogecoin. With the increase in the commitment between the American SEC and the fund managers, Bloomberg analysts, led by Eric Balchunas, estimate A probability of approval of 90% by the end of October 2025. The next step after that would be the planned exchanges depositing for the 19B-4 form to the United States SEC.
Market impact on Dogecone and Aptos
The deposit of S-1 deposits of the modified S-1 form for Bitwise Spot Dogecoin and Aptos ETF is a clear indication that the agency seeks to approve several similar products in the near future. As Coinpedia reported, The American SEC has engaged with fund managers seeking to offer a spot Solana Etf.
Before the approval of the Bitcoin Spot ETF last year, the American SEC initiated the fund managers in a similar way because it has engaged with the ETF Altcoin issuers in the recent past.
The imminent approval of the Dogecoin spot and the Aptos ETF could follow a model similar to that of Ethereum, which recorded the lowered feeling after the final approval. In addition, the Altcoin ETF spot has shown the characteristics of an institutional investors’ exit market.
Meanwhile, the two Altcoins continue to have a slope perspective in mid-term, especially after the BTC price has had trouble rallying regularly beyond $ 110,000 in recent weeks.