ETF Race Heats Up as Bitwise’s ‘BWOW’ Joins the Pack of New Dogecoin Funds

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The Dogecoin ETF competition is intensifying with the certification of Bitwise’s “BWOW” fund by NYSE Arca.

This approval, secured on Tuesday, sets up a potential Wednesday launch and places Bitwise directly against the Grayscale Dogecoin ETF, which launched Monday, and the REX-Osprey fund from September. Unlike its predecessors, the REX-Osprey fund is structured under the Investment Company Act of 1940, allowing for active management.

The Bitwise ETF, in contrast, aims to provide direct exposure to Dogecoin’s value, with Coinbase serving as custodian.