Haciyev Reşit 
A historic step is being taken in the crypto market. REX Shares and Osprey Funds are preparing to launch the first Dogecoin ETF (DOJE) next week, offering investors direct exposure to Dogecoin.
REX-Osprey DOJE ETF Details
- Name: REX-Osprey DOGE ETF
- Ticker: DOJE
- Structure: The ETF will invest in Dogecoin through a subsidiary (DOGE Cayman Portfolio S.P.) organized in the Cayman Islands.
- Strategy: Provides DOGE exposure to investors via a legal framework under the Investment Company Act of 1940.
The ETF prospectus also signals potential future products, such as ETFs for XRP, BONK, and TRUMP tokens.
Bloomberg Analyst’s Comment
Bloomberg Intelligence analyst Eric Balchunas wrote on X:
“Rex is preparing to launch a Dogecoin ETF under the ’40 Act. Looks like DOGE will be first, but the prospectus also includes Trump, XRP, and Bonk.”
SEC and Regulatory Outlook
- The SEC has taken a more flexible approach toward crypto ETFs this year.
- In June, REX Osprey’s Solana Staking ETF began trading under a similar framework.
- Currently, over 90 crypto ETF applications are under SEC review, including Dogecoin ETF proposals from Grayscale and Bitwise.
Dogecoin Price and Market Cap
According to The Block:
- Dogecoin price fell 4.3% at the time of the news, trading at $0.21.
- The token’s market capitalization stands at $32 billion.
The REX-Osprey DOJE ETF will bring Dogecoin into traditional market investors’ portfolios for the first time. This step is seen as a significant milestone, both for the memecoin culture and for the diversification of the crypto ETF market.
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