Dogecoin bulls may finally get the U.S. exchange-traded fund they’ve been anticipating, and the launch could happen as soon as this week.
Rex-Osprey DOGE ETF set to debut
The Rex-Osprey DOGE ETF, ticker $DOJE, is expected to launch this week, according to Nate Geraci, president of ETF Store. The fund would provide investors with direct exposure to Dogecoin’s price movements, making it the first ETF of its kind in the U.S. market.
The ETF is sponsored by REX Shares and Osprey Funds, the same firms behind $SSK, a Solana staking ETF launched earlier this year. Distribution will be handled by Foreside Fund Services LLC.
Part of a growing trend in crypto ETFs
The DOGE ETF would follow a series of crypto-linked ETFs approved in 2024, including spot Bitcoin and ether products. Issuers are now competing to launch innovative ETFs tied to alternative tokens and trading strategies. Dogecoin’s strong cultural profile, often amplified by Elon Musk and social media attention, positions it as an ideal candidate for a retail-focused ETF.
Market outlook and volatility expectations
Analysts anticipate heightened volatility around the ETF launch. Geraci noted on X, “Think we’re in for a wild next 2 months for crypto ETFs,” suggesting DOGE could attract speculative flows similar to other spot crypto products.
DOGE last traded near $0.23, up 7% in the past 24 hours and almost 15% for the week, outperforming larger cryptocurrencies such as Bitcoin and Ether.
Other memecoin ETFs in the pipeline
This wouldn’t be the first memecoin ETF proposed in the U.S. On August 26, Canary Capital Group filed with the SEC for a spot ETF holding the TRUMP Coin, a Solana-based token associated with former President Donald Trump.
Traders will be watching closely to see if DOGE (or TRUMP) ETF listings generate new demand for memecoins or if trading volumes remain concentrated in existing exchanges.
