Grayscale’s Dogecoin ETF could launch as soon as November 24, following a 20-day SEC review clock triggered after its registration filing. Bitwise also seeks automatic approval, marking a significant step in the institutionalization of meme coins.

These filings indicate a significant shift in regulatory oversight as Multiple asset managers now compete to bring Dogecoin into traditional portfolios through tax-efficient and regulated vehicles.

SEC Review Process Accelerates Approval Timeline

This faster timeline stems from Section 8(a) of the Securities Act of 1933. The provision allows registration statements to automatically become effective 20 days after filing, unless the SEC takes action.

Grayscale and Bitwise are using this to skip the more complex 19b-4 exchange rule procedure usually needed for ETF launches.

The official SEC guidance confirms that registration statements gain automatic effectiveness under Section 8(a) after 20 days. This shortcut has expedited product launches as institutional interest in cryptocurrency investment grows.

Bitwise filed its application on November 7. This could set the stage for a late November launch. Meanwhile, Balchunas predicts a November 24 launch for Grayscale, though he cautioned that confirmation depends on official exchange notice.

The SEC has acknowledged both filings, kicking off the regulatory review and public comment period.

Based on 20 day clock I believe Grayscale will be out with first Doge ETF in a week, 11/24. We'll see, won't be 100% till exchange notice, but based on SEC guidance it looks good. pic.twitter.com/mvlGsNyNVG

— Eric Balchunas (@EricBalchunas) November 17, 2025

Grayscale launched its Dogecoin Trust on January 31, 2025, as a precursor to the ETF application. The Trust enables investors to gain Dogecoin exposure without direct ownership, addressing custody and security concerns that have deterred many institutions.

Commodity Classification Boosts Approval Odds

Dogecoin’s likely classification as a commodity, rather than a security, now plays a significant role in its approval prospects.

This classification helps sidestep the legal issues that have slowed Solana and XRP ETF efforts, where securities status remains disputed.

The Federal Register filing for NYSE Arca’s proposed rule change directly references Dogecoin under Rule 8.201-E, which covers “Commodity-Based Trust Shares.”

This aligns with the Commodity Exchange Act and signals that both exchanges and the SEC consider Dogecoin a commodity fit for an ETF structure.

Bloomberg analysts predict a 90% chance of Dogecoin ETF approval, versus 95% for XRP. These estimates reflect rising confidence in the SEC’s openness to altcoin ETFs, following Solana ETF decisions earlier this year.

However, the process still requires a 240-day review window after publication in the Federal Register. During this window, public input can shape the SEC’s final decision. The Commission may delay, request amendments, or issue stop orders if investor protection or market integrity is compromised.

Industry-Wide Institutional Push Gains Momentum

Meanwhile, the race for a Dogecoin ETF now extends beyond Grayscale and Bitwise. Leading asset managers, such as 21Shares, Rex Shares, and Osprey Funds, have filed similar applications, signaling an industry-wide consensus that meme coins are growing into institutional-grade investment products.

21Shares filed its Dogecoin ETF registration on April 9, 2025, detailing custody with Coinbase Custody Trust Company. Using independent, regulated custodians answers SEC demands for secure storage and institutional compliance, removing a major barrier for traditional finance.

ETFs offer clear advantages over direct crypto holdings.

• In-kind creation and redemption allow tax efficiency.

• Regulated frameworks boost transparency and investor protection, features that spot trading lacks.

These benefits appeal to pension funds, endowments, and registered investment advisors with fiduciary obligations.

Industry observers predict that more than 200 crypto ETF approvals will be made by mid-2026. This trend could drive massive institutional capital flows and lower volatility, moving the market away from retail-dominated activity and closer to mainstream acceptance.

Despite this growing momentum, Dogecoin’s price has dropped, down 0.4499% in the last 24 hours. As of this writing, DOGE traded for $0.1543.

This suggests that ETF approvals may not deliver immediate gains, but steady institutional demand could eventually drive sustained growth.

The coming weeks will reveal whether regulatory timelines align with market expectations. Should Grayscale and Bitwise succeed in launching before year-end, Dogecoin would join Bitcoin, Ethereum, and Solana among the few cryptocurrencies available through US-regulated ETFs. Such a turnout would strengthen its status within the digital asset space.

The post Grayscale and Bitwise Dogecoin ETFs Could Launch Within Days as SEC Review Clock Ticks appeared first on BeInCrypto.

Two of the largest corporate players in cryptocurrency, MicroStrategy and BitMine, have just escalated a quiet accumulation war. One is doubling down on Bitcoin, the other is expanding its grip on Ethereum.

While each move looked routine at first glance, the scale and timing reveal something far more consequential building beneath the surface.

MicroStrategy Accelerates Bitcoin Buying as Pressure Mounts

MicroStrategy snapped up 8,178 BTC last week for roughly $835.6 million at an average price of $102,171 per coin. The firm now holds 649,870 BTC, acquired for $48.37 billion at an average cost basis of $74,433, according to a confirmed update shared by Michael Saylor and Strategy Inc.

Strategy has acquired 8,178 BTC for ~$835.6 million at ~$102,171 per bitcoin and has achieved BTC Yield of 27.8% YTD 2025. As of 11/16/2025, we hodl 649,870 $BTC acquired for ~$48.37 billion at ~$74,433 per bitcoin. $MSTR $STRC $STRD $STRE $STRF $STRK https://t.co/HI1TeYOvQ9

— Michael Saylor (@saylor) November 17, 2025

The aggressive move comes just days after Saylor promised that the market would be pleasantly surprised.

“We’re buying quite a lot… people will be pleasantly surprised.” He added that Strategy is “always buying” and now controls 3.1% of the Bitcoin network.

While MicroStrategy’s BTC yield for 2025 stands at 27.8%, the purchase sparked an immediate wave of commentary and controversy.

Lookonchain verified that the company sits on $12.88 billion in unrealized profit (+27%), even after the latest dip. But the crypto community remains split. On one side, analysts argue that MicroStrategy’s structure is sound.

“Even if BTC drops -70%, Saylor still won’t have to sell… There’s no margin call,” analyst Miles Deutscher noted.

Jeff Dorman added that concerns about forced selling are “not even remotely a concern,” citing low interest expense, positive cash flow, and Saylor’s 42% ownership, which prevents activist intervention.

On the other hand, critics like goldbug Peter Schiff argue that the strategy is fragile, with Dom Kwok, a popular user on X, echoing the sentiment.

“MSTR will be forced to sell its BTC to make interest payments… it’s sell bitcoin or bust,” he claimed.

Even market watchers questioned the rollout. Analyst AB Kuai Dong highlighted that Strategy posted, then deleted, its announcement within minutes, calling it “amateurish,” and noting that MSTR fell 3% in pre-market despite the bullish purchase.

BitMine’s Ethereum Grab Signals a Corporate Race for Treasury Dominance

As MicroStrategy expands its Bitcoin empire, Tom Lee’s BitMine is executing a parallel strategy on Ethereum, but at an even larger scale. BitMine now holds almost 3.6 million ETH tokens, representing 2.9% of the total supply, according to its official November update. The firm purchased 54,156 ETH in a single week.

🧵
BitMine provided its latest holdings update for Nov 17th, 2025:

$11.8 billion in total crypto + "moonshots":
-3,,559,879 ETH at $3,120 per ETH (Bloomberg)
– 192 Bitcoin (BTC)
– $37 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and
– unencumbered cash of…

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) November 17, 2025

At current valuations, the company holds $11.8 billion in a combined mix of crypto, cash, and “moonshot” investments, including 3,559,879 ETH, 192 BTC, $607 million in cash, and strategic equity positions.

Fundstrat data, corroborated by the StrategicETHReserve.xyz dashboard, confirms BitMine is now the leading Ethereum treasury globally and the second crypto treasury overall, behind MicroStrategy.

In his November message, Lee argued that the crypto cycle peak is still 12–36 months away, breaking from traditional four-year expectations. He said the recent weakness reflects a market maker undergoing balance sheet stress, a temporary form of “QT” for the crypto ecosystem.

“Crypto prices have not recovered since the liquidation event on October 10… The lingering weakness has the hallmarks of a market maker suffering from a crippled balance sheet,” read an excerpt in the announcement, citing Lee.

He added that tokenization on Ethereum is a “major unlock” and compared current regulatory moves, such as the GENIUS Act and the SEC’s Project Crypto, to 1971’s end of the Bretton Woods era.

BitMine’s stock reflects rising institutional attention, with trading volume of $1.4 billion per day, ranking 48th in the US, ahead of DoorDash.

Together, MicroStrategy’s BTC build and BitMine’s ETH accumulation mark the clearest trend of 2025, that crypto is becoming a battlefield for corporate treasuries.

With Saylor targeting deeper Bitcoin control and BitMine pushing toward the “Alchemy of 5%,” the market may be entering its first true multi-chain corporate accumulation era, one driven not by retail cycles, but by balance sheets, liquidity channels, and long-duration conviction.

The post MicroStrategy and BitMine Strike Together — Tom Lee Says the Mania Awaits appeared first on BeInCrypto.

Cboe Global Markets is ushering in a new era for US crypto derivatives. The exchange operator announced today that its Cboe Futures Exchange (CFE) will begin offering Continuous Futures for Bitcoin (PBT) and Ether (PET) on December 15, 2025, pending final regulatory review.

This marks the first time that US-regulated markets will host perpetual-style crypto exposure, which has traditionally been offered only on offshore exchanges.

Cboe Brings Perpetual-Style Crypto Futures Into the US Regulatory Fold

The new products are designed to provide professional investors with long-term, capital-efficient exposure to the two largest digital assets. It eliminates the operational friction of rolling expiring futures.

Each contract will have a 10-year expiration and feature a daily cash adjustment. With this, it mirrors the mechanics of perpetual swaps while remaining fully compliant with US derivatives regulations.

Perpetual futures, one of crypto’s most traded products globally, have historically thrived on offshore venues. This is due to regulatory constraints in the US.

Cboe’s move brings a familiar, yet heavily supervised, version of this instrument to institutional desks. It seeks transparency, clear protections, and regulatory alignment.

“As perpetual futures have historically been traded offshore, Cboe is excited to help expand access to these products within a US-regulated, transparent, and intermediary-friendly environment,” said Rob Hocking, Global Head of Derivatives at Cboe.

He added that the structure enables more efficient portfolio and risk management. At the same time, it must provide investors with a controlled path to leveraged digital asset exposure.

Continuous Futures will be cash-settled, centrally cleared, and governed by CFTC-regulated standards via Cboe. Clear US Margin requirements will follow standard derivatives oversight.

Traders may gain cross-margining benefits with CFE’s existing Financially Settled Bitcoin (FBT) and Ether (FET) futures.

Designed for Capital Efficiency and Long-Term Exposure

The contracts will track Cboe Kaiko Real-Time Rates for both BTC and ETH. A daily “Funding Amount” similar to funding payments used in perpetual swaps will be applied to open positions. This will keep futures pricing aligned with spot markets.

“Bringing perpetual-style futures to US regulated markets addresses a real need for institutional investors seeking efficient, long-term crypto exposure,” said Anne-Claire Maurice, Managing Director of Derived Data at Kaiko.

She emphasized that the structure removes rolling risks while preserving transparency and oversight. This aligns with recent remarks from Youngsun Shin, Head of Product at Flipster, in an interview with BeInCrypto. According to Shin, risk management should be built into innovation itself.

Trading will be available 23 hours a day, five days a week, from Sunday evening to Friday afternoon (ET). Notably, this mirrors existing CFE crypto derivatives schedules.

Education and Market Preparation Begin

Recognizing the complexity and novelty of these products, Cboe’s Options Institute will host two public education sessions on December 17, 2025, and January 13, 2026.

These courses will help traders understand:

• Contract specifications,

• Funding calculations, and

• Strategic use cases, ranging from hedging and volatility trading to synthetic long-term positioning.

With institutional demand for regulated crypto exposure rising, especially amid expanding ETF markets, Cboe’s Continuous Futures could become one of the most significant structural upgrades to US crypto derivatives in years.

The post Cboe Unveils First US Perpetual-Style Bitcoin and Ether Continuous Futures appeared first on BeInCrypto.

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Grab a coffee and settle in—this one might make you rethink what you thought you knew about crypto. In the past year, Bitcoin has surged dramatically, posting returns that rival traditional safe-haven assets. Yet, while some see a story of stability, others see lingering questions about risk, reward, and where cryptocurrencies really belong in a portfolio.

Crypto News of the Day: Crypto Returns Spark Fresh ‘Store of Value’ Debate

Since January 2024, Bitcoin ETFs have surged roughly 100%, mirroring the returns of physical gold ETFs, while the S&P 500 returned just 45%. This performance has sparked a fresh debate over Bitcoin’s role in investor portfolios: is it a “risk-on” asset like stocks, or a “store of value” like gold?

Since spot btc ETFs launched in Jan 2024, they’ve returned same % as physical gold ETFs…

Approx 100%.

S&P 500 has returned nearly 45%.

So is btc a “risk on” asset like stocks or “store of value” like gold?

— Nate Geraci (@NateGeraci) November 17, 2025

Nate Geraci, president of the ETF Store, highlighted the surprising parity, with the striking similarity to gold returns prompting investors to reassess Bitcoin’s traditional narrative.

While Bitcoin is widely viewed as a volatile, high-risk asset, its ETF performance over the past year has aligned with one of the most stable investment vehicles in history. Against this backdrop, investors weigh whether the risk is worth the return.

“I think the question for cripto is… especially ETH. Do you want to hold a high-volatility asset for that kind of return? ETH flat or down for the past 4/5 years,” one user chimed.

This remark highlights the challenge for investors, who see Bitcoin’s rally offering gold-like gains, but but the risks due to volatility remain a persistent threat for crypto as an asset class. Risk-adjusted returns remain a key factor when evaluating crypto’s place in a diversified portfolio.

Risks notwithstanding, BlackRock’s recent People & Money report reveals the growing retail appetite for ETFs, especially among younger investors. According to Nate Geraci’s summary:

• ETFs are the fastest-growing retail investment product over the last five years.
• 19 million US adults are likely to buy ETFs in the next 12 months, with 44% being first-time buyers, 71% under 45 years old.
• Equity and crypto will be the most popular allocations among these new investors, with 47% expected to invest in crypto ETFs.

This data highlights a generational shift in investing behavior. Younger investors are increasingly incorporating crypto into their portfolios alongside traditional assets. This shows that the market is growing faster than conventional wisdom suggests.

BlackRock Moves and Market Sentiment

Institutional activity adds another layer to the debate. Whale tracker reports indicate that BlackRock recently deposited 4,880 BTC, worth approximately $467 million, and 54,730 ETH valued at nearly $176 million into the Coinbase exchange.

BlackRock deposits 4,880 $BTC, worth $467.19 million, and 54,730 $ETH, worth $175.93 million into Coinbase – Arkham. pic.twitter.com/Q7RSl6c6k3

— Whale Insider (@WhaleInsider) November 17, 2025

The transaction marks the second move this month. Barely two weeks ago, the asset manager transferred 2,042 BTC, worth $213 million, and 22,681 ETH, valued at $80 million, to the same exchange.

Moving tokens to exchanges often suggest possible plans to sell, a move that could be bearish for Bitcoin and Ethereum prices.

“Last time they did this, the market dipped soon after. Now with Bitcoin sitting near $104K… is sub-$100K next?” Kyle Doops posed on X after the initial transaction.

Nonetheless, large transfers from major fund managers to exchanges could also mean strategic rebalancing.

With both possibilities likely to weigh on near-term price sentiment, it is worth noting that concentrated institutional holdings could amplify market swings, particularly in high-volatility environments.

Should Bitcoin be treated like digital gold, offering portfolio stability? Or is it a high-risk, high-reward asset akin to equities?

Looking ahead, retail and institutional flows, ETF innovation, and macroeconomic conditions will likely define crypto’s trajectory in 2026. As younger investors increasingly allocate to crypto ETFs, the market may see both rapid growth and heightened volatility, reinforcing the need for careful portfolio strategy.

Charts of the Day

Byte-Sized Alpha

Here’s a summary of more US crypto news to follow today:

•  Top 3 price prediction Bitcoin, Gold, Silver: Flash reversal signals at key technical levels.
• XRP loses $16 million as crypto funds bleed $2 billion in policy chaos.
• A European Central Bank official warns about the potential impact of a stablecoin sell-off.
• Bitcoin falls harder than tech as Nasdaq Link tightens and skew turns negative.
• XRP price is one step from a breakdown — Or a cycle bottom?
• Bitcoin slides toward $95,000, long-term metrics say undervalued.
• Arthur Hayes’ portfolio drops over 30% — Should markets be worried?
• Death cross confirmed: Is Bitcoin bottoming or about to crash?

Crypto Equities Pre-Market Overview

Company	At the Close of November 14	Pre-Market Overview
Strategy (MSTR)	$199.75	$200.01 (+0.13%)
Coinbase (COIN)	$284.00	$284.44 (+0.15%)
Galaxy Digital Holdings (GLXY)	$26.34	$26.30 (-01.15%)
MARA Holdings (MARA)	$11.99	$12.05 (+0.50%)
Riot Platforms (RIOT)	$13.95	$13.96 (+0.072%)
Core Scientific (CORZ)	$14.93	$15.01 (+0.54%)

The post Bitcoin ETFs’ 100% Rally Raises More Questions Than Answers | US Crypto News appeared first on BeInCrypto.