REX-Osprey™ Brings Dogecoin ETF to U.S. Market

REX-Osprey™ to Launch First Dogecoin ETF

The first exchange-traded fund (ETF) linked to Dogecoin is about to launch in the United States. REX-Osprey™ announced that its product, the REX-Osprey™ DOGE ETF, ticker symbol $DOJE, is coming soon. This ETF will give investors exposure to the performance of Dogecoin ($DOGE), the original memecoin that has gained worldwide recognition.

REX-Osprey™ is not new to the crypto ETF market. The team is also behind $SSK, the first ETF offering exposure to Solana along with staking rewards. With $DOJE, they are expanding into memecoin territory. This move gives investors a regulated way to gain exposure to Dogecoin without directly holding or trading the token themselves.

Bloomberg ETF analyst Eric Balchunas reported that $DOJE could begin trading as early as next week. He pointed to REX Shares’ recent filing of an effective prospectus with the U.S. Securities and Exchange Commission (SEC) as a sign that the product is ready. This approach mirrors what REX did when they launched their Solana staking ETF.

Source: X

Unlike most crypto ETFs that file under the traditional S-1 and 19b-4 process, $DOJE is being launched under the 40 Act pathway. This regulatory route is considered a faster way to bring crypto-related ETFs to market. ETF Store president Nate Geraci has called this approach a “regulatory end-around,” noting that it avoids the longer wait times of the standard filing process.

Several other ETF issuers, including 21Shares, Bitwise, and Grayscale, have also applied to launch Dogecoin ETFs using the traditional process. Their applications are still waiting for SEC decisions. REX-Osprey’s strategy allows them to potentially be the first to bring a Dogecoin ETF to market, giving them an early-mover advantage.

Dogecoin’s Market Performance

Dogecoin has had a wild ride in the past year. According to CoinMarketCap, the price of DOGE is up 116.67% over the past twelve months. However, it has fallen 54% from its 2024 high of $0.4672 in December. At the time of writing, DOGE is trading around $0.2129. This volatility is part of what makes memecoins both exciting and risky for investors.

REX cautioned investors in its filing that Dogecoin is still a relatively new innovation and comes with unique risks. The market can swing rapidly in price and is highly influenced by sentiment, media coverage, and online trends. Investors should be prepared for periods of strong volatility and the possibility of losses.

Source: X

Even people who have never bought crypto often know Dogecoin. The token started as a joke but has become one of the most recognized names in the industry. Elon Musk has played a major role in its popularity, calling himself the “Dogefather” and talking about the coin on live television. His comments have often moved the price of DOGE significantly.

Interest from major players is increasing. According to Fortune, Musk’s attorney Alex Spiro is now chairing a new public company that is looking to raise $200 million to invest in Dogecoin. This shows that institutional players see value in DOGE beyond retail speculation.

For many investors, $DOJE offers a way to gain exposure to Dogecoin without having to create a crypto wallet or use an exchange. ETFs are traded on traditional stock exchanges, making them easier to access through regular brokerage accounts. This launch could bring new levels of legitimacy to memecoins and broaden participation beyond crypto-native investors.

Final Thoughts

The launch of $DOJE marks a major step in bringing memecoins into mainstream finance. By using the 40 Act route, REX-Osprey™ has found a way to speed up the process and potentially beat competitors to market. For those who want exposure to Dogecoin but prefer a regulated investment vehicle, this ETF could be an attractive option. Still, investors should remember that Dogecoin’s price can be highly volatile, and losses are possible.