Rex Shares’ Game-Changing Shortcut Could Bring Dogecoin ETF to US Markets as Early as Next Week
Wall Street's about to get a whole lot meme-ier—and faster than anyone expected.
The Regulatory End-Run
Rex Shares just found a loophole that bypasses the usual SEC approval circus. Their clever structuring means they could launch the first Dogecoin ETF without waiting for the typical months-long regulatory dance. It's the financial equivalent of finding a hidden tunnel into Fort Knox.
The Timeline Shock
We're talking days, not quarters. While traditional ETF applications gather dust on bureaucratic desks, Rex's approach cuts through the red tape like a hot knife through butter. They've essentially turned the regulatory process into a speedrun—and Wall Street's watching with equal parts admiration and horror.
The DOGE Effect
Mainstream investors who've been sidelined from crypto's wildest ride now get front-row seats. No more wrestling with crypto exchanges or worrying about private keys—just pure, unadulterated exposure to the people's cryptocurrency. Because nothing says 'serious investment' like an asset that started as a joke about a Shiba Inu.
Get ready—the meme economy's coming to your 401(k) whether you're ready or not.
Why REX ETF products launch early
Unlike traditional ETFs that require lengthy SEC approval through the 19b-4 process, Rex Shares has chosen a different regulatory path.
The proposed products are registered under the Investment Company Act of 1940 and structured as C-corporations. This model allows the firm to sidestep the standard exchange rule approval process while gaining exposure to digital assets through a Cayman Islands subsidiary.
Meanwhile, choosing a C-corporation structure carries crucial tax implications for investors.
VanEck explained that most ETFs elect to be treated as regulated investment companies (RICs), which enables them to avoid fund-level taxation by distributing income and capital gains directly to shareholders. However, RICs must meet strict requirements for income sources, asset diversification, and distributions.
In contrast, C-corporations face taxation at the fund level, and any subsequent investor payouts are also taxable.
Investors have often criticized this arrangement as “double taxation.” As a result, ETFs tend to avoid this setup.
However, REX Shares’ decision suggests that speed to market and flexibility outweighed the potential tax drawbacks these products might attract.
Notably, the asset manager had launched the first-ever staked crypto ETF in the US through this structure earlier this year.