The post Bitwise plans spot Dogecoin ETF launch in 20 days appeared on BitcoinEthereumNews.com. Key Takeaways Bitwise expects to launch its spot Dogecoin ETF within 20 days due to the 8(a) automatic approval process. Last week, three crypto ETFs tied to SOL, LTC, and HBAR made their Wall Street debut. Bitwise, a crypto asset manager, expects its spot Dogecoin ETF to launch within 20 days following an automatic regulatory approval process known as the “8(a) move,” unless the SEC intervenes, according to Bloomberg ETF analyst Eric Balchunas. The filing relies on Section 8(a) of the Securities Act, which allows registration statements to become effective automatically after a set period without explicit SEC approval. Grayscale has also submitted amended filings for its spot Dogecoin ETF, initiating a similar countdown period toward potential listing. Multiple asset managers have advanced spot crypto ETF proposals with exchange rule changes submitted for SEC review. Bitwise’s updated filing reflects ongoing efforts to list the product on a major exchange, aligning with broader crypto ETF trends that have gained momentum following successful Bitcoin and Ethereum spot ETF launches. Source: https://cryptobriefing.com/bitwise-spot-dogecoin-etf-launch-8a/The post Bitwise plans spot Dogecoin ETF launch in 20 days appeared on BitcoinEthereumNews.com. Key Takeaways Bitwise expects to launch its spot Dogecoin ETF within 20 days due to the 8(a) automatic approval process. Last week, three crypto ETFs tied to SOL, LTC, and HBAR made their Wall Street debut. Bitwise, a crypto asset manager, expects its spot Dogecoin ETF to launch within 20 days following an automatic regulatory approval process known as the “8(a) move,” unless the SEC intervenes, according to Bloomberg ETF analyst Eric Balchunas. The filing relies on Section 8(a) of the Securities Act, which allows registration statements to become effective automatically after a set period without explicit SEC approval. Grayscale has also submitted amended filings for its spot Dogecoin ETF, initiating a similar countdown period toward potential listing. Multiple asset managers have advanced spot crypto ETF proposals with exchange rule changes submitted for SEC review. Bitwise’s updated filing reflects ongoing efforts to list the product on a major exchange, aligning with broader crypto ETF trends that have gained momentum following successful Bitcoin and Ethereum spot ETF launches. Source: https://cryptobriefing.com/bitwise-spot-dogecoin-etf-launch-8a/

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more