Crypto Asset Manager BitWise has uploaded documents to launch a stock exchange stock (ETF) tied to the price of Dogecoin (DOGE), an archiving with the United States. Securities and Exchange Commission Tuesday shows.

The archiving, an S-1 document, is a requirement for companies that seek to issue a new security and be listed on a public stock exchange.

Earlier this month, investment managers filed rex shares and osprey -funds papers to multiple crypto -Tfs, including Dogecoin among other Memecoins.

However, BitWise’s filing differs in that it is submitted under the ’33 law as opposed to 40 ACT under which Rex and Osprey submitted, the Bloomberg Intelligence Senior Etf analyst Eric Balchunas pointed out.

S-1s filed under the ’33 law are typically used for niche, raw material-based ETFs, while archiving under the 40-law provides stronger investor protection as it requires the issuer to meet additional SEC rules . The 40 act, for example, limits leverage and card sales and requires stricter fiduciary supervision and governance, among other things.

Bitvis is the issuer of several crypto -Tfs and has several applications pending, including one for an XRP (XRP) ETF.

While the S-1 documents are a first step in the launch of an ETF, the more crucial filing 19B-4, which is required to signal a necessary rule change on the stock exchange, is seeking to list the investment and ties SEC to a strict deadline .

While Memecoin ETFs were an almost conceivable investment vehicle under Gray Genslers Sec, which gave issuers a hard time launching a spot of Bitcoin Etf, the possibility that such funds now seem more likely than ever after the inauguration of President Donald Trump seems .

Trump has not only promised cryptic policies, but after the launch of his own Memecoins, Trump and Melania, it has become clear that the president himself is a fan of Memecoins.