Bitwise has registered for an ETF product tracking the world’s largest memecoin as the crypto subsector becomes more prominent within the market.

The company has registered “BITWISE DOGECOIN ETF” as a legal entity with Delaware’s Department of State’s Division of Corporations, possibly setting the stage for an official ETF filing with the SEC. In a statement shared with Invezz on email, the company confirmed that that the filing is legitimate and was filed by Bitwise.

Bitwise Asset Management has registered a Delaware entity for a potential Dogecoin ETF, marking an initial step toward possible product development