TL;DR
- The first U.S. exchange-traded fund linked to Dogecoin, $DOJE, is set to launch mid-next week by Rex Shares and Osprey Funds.
- $DOJE was filed under the Investment Company Act of 1940, which accelerates its approval and imposes requirements for diversification, governance, and asset custody.
- While the SEC delays other crypto ETFs, DOGE rose 9% in 24 hours to $0.2720.
The first U.S. Dogecoin ETF, named $DOJE, is scheduled to launch mid-next week after several postponements.
The product is issued by Rex Shares in partnership with Osprey Funds and aims to provide investors with regulated exposure to the cryptocurrency through a formal investment vehicle. The ETF’s goal is to allow both institutional and retail investors to access the memecoin without purchasing the tokens directly, within a framework supervised by the SEC.
Unlike most pending crypto ETFs, $DOJE was filed under the Investment Company Act of 1940, known as the ’40 Act. This procedure speeds up approval and sets additional obligations regarding diversification, governance, and asset custody.
In practice, the fund cannot hold all of its assets exclusively in Dogecoin and must allocate a portion to regulated securities, such as traditional ETFs, to reduce the risks of concentrating on a single asset. This approach gives Rex and Osprey an advantage over competitors using the conventional regulatory process, which requires longer reviews and SEC rule-change approvals.
The launch of $DOJE has been postponed several times; it was initially scheduled for September 12. According to analyst reports, the fund could begin trading between Tuesday and Thursday of next week. The strategy aims to capitalize on Dogecoin’s growing popularity and the demand for regulated financial instruments that allow cryptocurrency diversification with controlled risk.
Dogecoin Gains in the Market Ahead of Its ETF
Meanwhile, the SEC continues to delay decisions on other crypto ETFs, including Ethereum staking products and funds for XRP and Solana. More than 90 ETF applications are currently awaiting approval, showing that the agency’s review process remains slow and focused on ensuring compliance with custody, governance, and investor protection standards.
Over the past 24 hours, DOGE rose 9% to $0.2720 per unit. Technical performance indicates the memecoin faces key resistance between $0.295 and $0.305, and a potential breakout could open the way for further gains. The arrival of its first ETF could increase both liquidity and visibility for the asset.
