Dogecoin ETF Expected to Launch in U.S. Markets This Week
The Rex-Osprey DOGE ETF ($DOJE) is set to launch this week in U.S. markets under the Investment Company Act of 1940, marking the first ETF based solely on a token with no intended utility beyond speculation.
Key points:
- The product is backed by REX Shares and Osprey Funds, known for launching the Solana staking ETF ($SSK).
- Anticipation around the launch has driven DOGE's price up by 17% in the past week.
- Jordan Jefferson, CEO of DogeOS, views the ETF as a significant milestone for institutional recognition of Dogecoin’s value.
- The launch coincides with other memecoins seeking SEC approval, including a spot ETF for TRUMP Coin.
- Market participants are observing whether DOGE ETF inflows will broaden the memecoin market into regulated products.
This listing highlights the integration of cultural tokens into mainstream finance, reflecting an unexpected shift in perception regarding memecoins.