Bitwise has registered for an ETF product tracking the world’s largest memecoin as the crypto subsector becomes more prominent within the market.

Bitwise Asset Management has reportedly filed for a Dogecoin (DOGE) exchange-traded fund (ETF). The company has registered “BITWISE DOGECOIN ETF” as a legal entity with Delaware’s Department of State’s Division of Corporations,

Another company has shown interest in memecoin ETFs as Bitwise took the first step toward issuing a $DOGE ETF, registering a Bitwise Dogecoin ETF entity in Delaware Wednesday.