Bitwise submitted a revision of the ETF application for Aptos and Dogecoin, with a probability of approval as high as 90%?

Gate News bot news, Bitwise has updated its DOGE ETF and Aptos ETF application documents, further indicating that the SEC is beginning to process these fund applications. Bloomberg ETF analysts Eric Balchunas and James Seyffart stated that the likelihood of launching a DOGE ETF this year is greater, it's just a matter of time.

Just a few weeks ago, the company amended its Solana ETF S-1 filing along with other potential issuers. Bloomberg analyst Eric Balchunas pointed out that Bitwise's latest filing is a good sign because it indicates that the SEC is actively engaged and in sync with approvals from other spot markets.

Balchunas also stated that a "significant" update in the DOGE ETF filing is the physical creation and redemption. He pointed out that when this asset management company first submitted the S-1 filing for the DOGE ETF in January, these features did not exist. He added that it is now almost certain that all spot ETFs will allow physical creation and redemption.

It is worth mentioning that Bitwise's Aptos ETF has not yet submitted a 19b-4 filing. On the other hand, the New York Stock Exchange (NYSE) has submitted a 19b-4 filing for DOGE (DOGE) and has initiated the approval process.

Bitwise is one of three asset management firms that have submitted applications for a DOGE ETF, the other two being Grayscale and 21Shares. Balchunas and his colleague James Seyffart recently raised the probability of the DOGE ETF being approved this year to 90%. The final deadline for the SEC to approve these applications is October 17.

Source: CoinGape