Bitwise has recently amended its proposed exchange-traded funds (ETFs) for Dogecoin (DOGE) and Aptos (APT) to include in-kind redemptions, as indicated in filings made on June 26, 2025.

SEC Commissioner Hester Peirce has suggested that in-kind redemptions for cryptocurrency ETFs are likely to be approved soon, reflecting a shift towards accommodating investor preferences.

Currently, U.S.-based crypto ETFs must exchange tokens for cash before converting to shares, complicating transactions and creating tax implications for investors.

In-kind redemptions allow investors to exchange ETF shares directly for the underlying tokens, providing a more tax-efficient option for both institutional and retail investors.

Aptos has recently gained recognition as a finalist in Wyoming’s stablecoin competition, tying for first place with Solana, which may positively influence the SEC's decisions regarding its ETF.

If approved, Bitwise's Aptos ETF would be the first U.S.-based fund focused solely on APT, the native token of the Aptos blockchain, and it does not propose a staking mechanism despite Aptos being a proof-of-stake blockchain.

Coinbase Custody is set to serve as the custodian for the Dogecoin ETF, although the SEC has yet to approve the fund due to ongoing concerns about market risks and investor protection.

The updated filings come shortly after the SEC postponed its review of the Dogecoin ETF, indicating potential regulatory engagement, as noted by Bloomberg Intelligence Senior ETF Analyst Eric Balchunas.

Despite the positive developments regarding the ETF, the approval timeline remains uncertain, with over 70 cryptocurrency ETFs currently awaiting SEC review.

The increase in altcoin ETF applications coincides with a shift in regulatory attitudes following the inauguration of President Donald Trump, suggesting a growing acceptance of crypto assets in mainstream finance.

In the midst of these developments, the price of Dogecoin has decreased by about 2% over the past 24 hours, now sitting at $0.16.

Other entities, such as 21Shares and Grayscale, have also filed for Dogecoin-related ETFs and trusts, indicating a growing interest in DOGE investment products.