The New York Stock Exchange Arca (NYSE) has proposed a rule change to list and facilitate the trading of shares for the Bitwise Asset Management Dogecoin (DOGE) exchange-traded fund (ETF).
A subsidiary of the NYSE filed the 19b-4 proposal on March 3, which, pending approval from the U.S. Securities and Exchange Commission (SEC), would allow the exchange to list the Bitwise Dogecoin ETF, providing investors with direct exposure to the popular meme coin.
“Pursuant to the provisions of Section 19(b)(1) of the Securities Exchange Act of 1934, as amended (the “Act” or “’34 Act”) and Rule 19b-4 thereunder, NYSE Arca, Inc.(“NYSE Arca” or “Exchange”), proposes to list and trade shares of the Bitwise Dogecoin ETF (the “Trust”) under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares),” the filing stated.
The filing notes that Coinbase Custody…
