$DOGE and ETF 🚀 First, we will explore the ETF approval process, which consists of 2 main steps, either in parallel or sequentially: • Form 19b-4: Submitted by the exchange (like NYSE Arca) to change listing rules. This is usually the first step. • Form S-1: Submitted by the issuer. It must be approved before the ETF can operate. 👉 After submission, the SEC will review the documents, which may require multiple amendments to ensure compliance, and ultimately must approve the effectiveness before the ETF can officially launch and trade. Currently, there are 3 major organizations that have submitted applications for $DOGE ETF approval: • Grayscale Investments: Submitted Form S-1 on 08/15/2025 (after Form 19b-4 in February 2025), with support from NYSE Arca. • Bitwise Asset Management: Submitted the first application in January 2025, with Form 19b-4 recognized by the SEC, and updated Form S-1 in June 2025. • 21Shares: Submitted Form S-1 in April 2025, with Nasdaq submitting Form 19b-4 on its behalf, supported by the Dogecoin Foundation (House of Doge). 💰 The total assets under management of the 3 organizations above exceed $60B. 🚀 It is expected that the $DOGE ETF could be approved in October this year.