Crypto asset management giant Bitwise is hoping to launch a spot exchange-traded fund (ETF) for Dogecoin (DOGE).

Bitwise announced the company completed the rebranding of all ETPs in its European product suite following last year's acquisition of ETC Group.

Bitwise, one of the most prominent crypto asset managers, has officially filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) to launch a Dogecoin ETF.

The Bitwise CIO claims that the increased institutional participation and better regulatory clarity will mitigate the effects of future pullbacks.

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