Dogecoin ETF Launch Could Kickstart Meme Coin ETF Period

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REX Shares And Osprey Dogecoin ETF Progresses As Bitwise Choice Delayed At Least 92 Different Crypto ETFs In The Pipeline Associated Articles:

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A Dogecoin ETF (exchange-traded fund) is ready to debut tomorrow, probably ushering in a wave of meme coin ETFs within the US.

The REX-Osprey Dogecoin ETF (DOJE) is predicted to launch on Sept. 11, providing buyers direct publicity to Dogecoin by a construction designed for sooner SEC approval below the Funding Firm Act of 1940 Act.

A number of different Dogecoin ETF functions are already below evaluation by the Securities and Trade Fee together with filings from Bitwise, Grayscale and 21Shares.

Canary has submitted a proposal for the PENGU ETF, which would offer oblique publicity to the Solana-based meme coin Pudgy Penguins (PENGU), whereas Tuttle Capital has filed for 2x leveraged ETFs for BONK, TRUMP and MELANIA meme cash.

“Meme coin ETF period about to kick off it appears to be like like with $DOJE slated for a Thursday launch,” mentioned Bloomberg ETF analyst Eric Balchunas in a publish on X. “Fairly positive that is first-ever US ETF to carry one thing that has no utility on objective.”

Anticipation for the DOGE ETF launch has already fueled an 11% surge within the Dogecoin value over the previous week, enabling it to outperform all different prime ten cryptocurrencies by market cap, in keeping with CoinMarketCap.

Dogecoin value efficiency (Supply: CoinMarketCap)

DOGE trades at $0.2397 as of 1:40 a.m. EST.

REX Shares And Osprey Dogecoin ETF Progresses As Bitwise Choice Delayed

The REX-Osprey Doge ETF (DOJE) was filed below the Funding Firm Act of 1940. It is a completely different framework from the Securities Act of 1933, which normally governs grantor trusts that maintain bodily commodities or derivatives.

DOJE will supply its buyers publicity to Dogecoin by investments in a subsidiary organized within the Cayman Islands known as the REX-Osprey DOGE (Cayman) Portfolio S.P., in keeping with the prospectus for the brand new ETF.

The submitting below the 1940 Act permits for a sooner launch as a result of the US Securities and Trade Fee (SEC) has long-standing procedures for these functions, whereas ETFs filed below the 1933 Act are nonetheless handled as novel merchandise.

This isn’t the primary time REX Shares and Osprey have opted for this method. Earlier this yr, the identical construction was used to fast-track the approval of the REX-Osprey SOL + Staking ETF with the ticker “$SSK.” The fund was launched on July 2.

Balchunas famous that there’s nonetheless “a giant group” of functions below the 1933 Act which might be nonetheless ready for a call from the SEC on their respective Dogecoin ETF functions.

A kind of functions is from asset supervisor Bitwise. The SEC just lately determined to push again the choice on the Bitwise Dogecoin ETF, which was filed in March and printed within the Federal Register on March 17, to Nov. 12.

In a submitting, the SEC mentioned that it wanted a “longer interval” earlier than deciding on whether or not to approve or deny a proposed rule change that will clear a means for Bitwise to record an ETF monitoring the meme coin.

Different asset managers together with Grayscale and 21Shares are among the many bidding Dogecoin ETF issuers who’re ready for approval from the SEC for his or her functions.

At Least 92 Different Crypto ETFs In The Pipeline

Following the profitable launch of spot Bitcoin and spot Ethereum ETFs within the US final yr, which has seen billions of {dollars} move into these funds since they hit the market, quite a few fund managers are racing to launch comparable merchandise for different prime cryptos.

Bloomberg ETF analyst James Seyffart mentioned final month that there are 92 proposals for ETFs that observe cryptos comparable to Solana (SOL), XRP, and Litecoin (LTC).

NEW: Here’s a record of all of the filings and/or functions I am monitoring for Crypto ETPs right here within the US. There are 92 line objects on this spreadsheet. You’ll virtually definitely must squint and zoom to see however finest I can do on right here pic.twitter.com/lDhRGEQBoW
— James Seyffart (@JSeyff) August 28, 2025

The tsunami of recent ETF functions comes because the Trump Administration forges forward with pro-crypto insurance policies.

Even the Trump household, by Trump Media and Know-how Group (TMTG), has partnered with alternate Crypto.com to launch a sequence of “Made in America” crypto ETFs.

These embody the Reality.Fi Bitcoin Plus ETF that was trademarked by TMTG in February, and the Reality.Fi Crypto Blue Chip ETF that was filed with the SEC in the course of the yr.