The tepid reception to the Dogecoin spot ETF was called a "tragedy" by Bitwise's CEO. According to The Block, the executive believes the outcome exposes a disconnect between ETF buyers and the people actually using crypto applications.
The comments came right on the heels of Bitwise's launch of its spot NEAR ETF. The firm also said AI is now a top priority and that it plans to put more resources into that space going forward. Judging by these moves, the Dogecoin ETF's lukewarm reception hasn't slowed Bitwise down — instead, the company is doubling down on its spot NEAR product and its push into AI.
