The Dogecoin price has been getting boosts over the years thanks to social media stunts from Dogecoin ‘godfather’ Elon Musk. While simply being one of the biggest whales on the DOGE platform, he exacts massive influence on the token's price.

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

Bitwise Asset Management announced plans for a Dogecoin Exchange-Traded Fund (ETF), aiming to offer secure, regulated exposure to the popular meme cryptocurrency. The ETF would simplify Dogecoin investments by eliminating the need for wallets or exchanges.