Will These Meme Coins 100x as Doge Defies Tariffs & Could Get ETF?
2025-07-04 05:29:04
Description
Bitwise has amended their Dogecoin ETF filing to include in-kind redemptions for brokers and dealers that interact with the ETF. Currently, all ETFs in the US follow the cash redemption method. This means: A broker would first need to buy $DOGE, sell it for $USD, and then give that $USD to the ETF issuer to get an ETF share. Selling $DOGE for $USD creates a taxable event, leading to capital gains taxation. However, under the new proposed amendment, the broker would be able to directly trade the ...
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