Bitwise has advanced with its Dogecoin ETF as institutional buyers enter the cryptocurrency market.

The New York Stock Exchange, via its Arca unit, has filed a 19b-4 form to list the Bitwise Dogecoin ETF. This step marks a key point for the meme coin as the US Securities and Exchange Commission (SEC) now needs to approve the ETF.

At the same time, FX Guys investors are preparing for a possible 100-fold gain with the coin, which combines solid basics with increasing use. Now in Stage 3 presale at $0.05, FX Guys has already raised over $4.5 million while giving investors entry to its BETA platform for trial.

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What is Happening: Bitwise’s request is part of several papers about Dogecoin-based exchange-traded funds being examined by the SEC.

The Bitwise ETF stands out with a strong system in place, enlisting Coinbase Custody to handle the Dogecoin shares and Bank of New York Mellon to manage the fund’s money. This ETF aims to mirror Dogecoin’s market price using the CF Dogecoin-Dollar Settlement Price, providing large investors with a way to hold one of the best-known meme coins.

This move by Bitwise aligns with a broader pattern of major banks accepting promising altcoins. Grayscale and Rex Shares have also submitted papers for Dogecoin ETFs, with Grayscale’s request proceeding further in the SEC’s review.

The approval of these ETFs could introduce many large investors to Dogecoin, potentially increasing demand and price for the meme coin.

Why It Matters: FX Guys is emerging as a top defi coin with its innovative decentralized trading system and potential for substantial gains. The FXGuys project offers a unique approach to proprietary trading, combining a prop trading funding plan with a Trade2Earn program to engage traders.

Investors are drawn to the project’s strong fundamentals and community focus, evident in its rapid presale progress and the community members who are already testing the BETA platform.

The project's seamless integration of fiat and crypto in its payment gateway further enhances accessibility for a global audience.

Where to Follow FX Guys:

Presale: https://fxguys.io/presale

Website: https://fxguys.io/

Whitepaper: https://fxguys.io/whitepaper

Socials: https://linktr.ee/fxguys

Audit: https://github.com/ChainSecurity/essays/blob/master/FXGuys_SmartContract_Security_Audit_Report_17_07_2023.pdf

Now in Stage 3 of its presale with a token price of $0.05, FXGuys is attracting strong interest from investors.

As the platform continues to grow, early adopters could reap significant gains, positioning FX Guys as a leading prop trading firm in the crypto domain.

See More: Best Cryptocurrency To Invest In 2023

Institutions are now focusing on Dogecoin as FX Guys offers immediate funding opportunities for traders from prop firms.

The crypto market is set for major change as major banks accept promising altcoins while new prop trading programs offer traders swift funding.

This is the perfect time to discover these high-potential altcoins before the next price surge begins.