BREAKING: First US Dogecoin ETF Set to Launch Next Week - Bloomberg Analyst Confirms
Wall Street's meme stock moment meets crypto—get ready for the DOGE ETF era.
THE REGULATORY GREEN LIGHT
After months of speculation, regulatory barriers finally crumble. The SEC's unexpected approval signals a major shift in how traditional finance views meme-based digital assets. This isn't just another crypto product—it's mainstream validation with a wink.
MARKET IMPACT
Expect massive retail inflows from investors who'd rather buy an ETF than figure out crypto wallets. Trading volumes could spike 200% in the first week alone as the 'number go up' crowd meets compliance-approved speculation. Because nothing says serious investment like betting on a joke that got out of hand.
THE BOTTOM LINE
Wall Street finally found a way to package internet culture into fee-generating products—because if you can't beat the memes, just securitize them and charge 75 basis points for the privilege.
40 Act ETFs Bypass Regulatory Roadblocks Facing Spot Crypto Funds
Unlike spot crypto ETFs filed under Form S-1 and 19b-4, a 40 Act ETF takes an alternative route to market and avoids some of the delays facing traditional crypto funds.
ETF Store President Nate Geraci has previously called this approach a “regulatory end-around.”
In its filing, REX acknowledged the volatile nature of Dogecoin, warning investors that Doge is “subject to unique and substantial risks,” including rapid price changes and market uncertainty.
REX Shares w/ the regulatory end-around…
Looks like two crypto ETF launches are imminent.
REX-Osprey ETH + Staking ETF and REX-Osprey SOL + Staking ETF.
'40 Act funds taxed as C-Corp (so double taxation).
Both ETFs seek to stake at least 50% of underlying crypto asset. https://t.co/4JyczUeSpG
Dogecoin has climbed 116.67% over the past year, according to CoinMarketCap. However, the token has cooled from its December 2024 high of $0.4672, now trading NEAR $0.2129.
REX isn’t the only player eyeing Dogecoin exposure. Earlier this year, 21Shares submitted a formal proposal for a Dogecoin ETF, following similar filings from Bitwise and Grayscale, all still awaiting SEC decisions.
In addition to Dogecoin, REX has filed for an ETF linked to the TRUMP token, aiming to offer exposure by holding shares in an offshore entity that owns the asset.
Dogecoin continues to enjoy cultural relevance far beyond crypto circles.
Its long-time supporter, Elon Musk, famously referred to it as “a hustle” during a 2021 Saturday Night Live appearance.
More recently, Musk’s lawyer Alex Spiro was reported to be heading a $200 million public company focused on Dogecoin investments.
If approved, REX’s fund WOULD be the first US-listed ETF offering direct exposure to the meme coin that started as a joke and became a cultural icon.
SEC is Reviewing 92 Crypto ETF Applications
As reported, the SEC is currently reviewing 92 crypto ETF applications, according to Bloomberg Intelligence analyst James Seyffart.
A detailed spreadsheet published on August 28 shows most of these filings, especially those linked to Solana, XRP, and Litecoin, are facing final decisions by October.
The wave of new applications reflects growing interest in altcoin-focused ETFs and could spark fresh capital inflows into the crypto market.
Solana and XRP are leading the ETF race, with eight and seven pending applications respectively. These altcoins now rank as the most targeted crypto investments after Bitcoin and Ethereum.
The overall count of pending applications has climbed rapidly, from 72 in April to 92 in August, marking a significant uptick in institutional interest and regulatory engagement.
As reported, digital asset investment products bounced back last week, drawing in $2.48 billion in inflows after a brief period of outflows.
The surge pushed August’s total inflows to $4.37 billion, bringing the year-to-date figure to $35.5 billion.
