First Dogecoin ETF Set to Launch, Marking Meme Coin Milestone

The Rex Shares-Osprey Dogecoin ETF (DOJE), the first ETF centered around a meme coin, might launch this week after previous delays.
Originally set to debut with other politically themed and crypto-related ETFs, DOJE's launch was postponed. Analysts suggest Wednesday as the potential date but remain uncertain.
DOGE has risen 15% over the past month, despite a recent 3.5% decline, likely influenced by anticipation of the ETF.
If launched, DOJE would be the first U.S. ETF focused on a meme coin, such as https://holder.io/coins/doge/, which typically gains popularity through internet culture and speculative trading.
DOJE will not hold DOGE directly; instead, it will use derivatives through a Cayman Islands-based subsidiary, avoiding the need for physical custody.
The ETF is approved under the Investment Company Act of 1940, differentiating it from bitcoin ETFs approved under the Securities Act of 1933.
Applications for spot DOGE ETFs, which would hold the coin directly, are under SEC review.
Skepticism about meme coins' value hasn't stopped them from attracting significant speculative investment.
The success of the DOJE ETF could lead to more meme coin funds and indicates a growing intersection of internet culture and traditional finance.