Bitwise Asset Management appears to have set the clock for the first US spot Dogecoin ETF to go effective as early as Tuesday, Nov. 26, after invoking Section 8(a) of the Securities Act—an approach that makes a registration statement automatically effective in 20 days unless the Securities and Exchange Commission (SEC) intervenes.
The legal basis rests on the mechanics of Section 8(a). When an issuer removes the standard “delaying amendment” language from its S-1 registration and specifies effectiveness “in accordance with Section 8(a),” the filing is slated to become effective automatically after 20 days—unless the SEC acts to stop, delay, or require further amendments.
In parallel, Canary Capital listed a spot Hedera product on Nasdaq under ticker HBR, opening regulated access to HBAR and demonstrating that smaller-cap networks could also clear the operational bar on day one.
Those launches landed while the SEC’s capacity was constrained, and they arrived precisely because issuers had removed the delaying amendments and allowed their S-1s to go effective after 20 days.
Balchunas’s read on Dogecoin—“plan on going effective in 20 days barring an intervention”—aligns with how those October debuts actually materialized. In each case, there was no splashy, bespoke approval order; instead, the clock simply ran under 8(a) and trading commenced when the window closed without SEC objection.
That is why the implied calendar date matters here: as Bitwise pulled its delaying amendment on November 6, the statutory count points to effectiveness around Tuesday, November 26, assuming the Commission does not intercede with a stop order or a further-amendment request which could as depend on the end of the US government shutdown.
At press time, DOGE traded at $0164.
