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Bitwise stated that it is using Section 8(a) of the Securities Act, which allows registration statements to become automatically effective unless the SEC intervenes. This development occurs during a period of stagnant prices and highlights a disconnect between market performance and institutional adoption.
Section 8(a) Strategy Accelerates DOGE ETF Process
Bitwise's approach bypasses traditional approval mechanisms by using a regulatory pathway. According to Balchunas, "Bitwise filed an 8(a) application for a DOGE ETF, which initiated a 20-day period to become effective unless the SEC intervenes."