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The primary US exchange-traded fund providing publicity to Dogecoin (DOGE) might debut as quickly as subsequent week, after the ETF Alternatives Belief filed a post-effective modification that units September 9, 2025 because the efficient date for a collection of single-coin funds that features the REX-Osprey DOGE ETF (ticker: DOJE). The submitting—Publish-Efficient Modification No. 367—explicitly names the DOGE fund alongside proposed TRUMP, BTC, XRP and BONK funds, and states that the modification “designates September 9, 2025 as the brand new efficient date” for these merchandise.
Dogecoin ETF Set To Launch
Market expectations had been turbocharged by a teaser from the issuer itself. On Wednesday, REX Shares wrote: “The REX-Osprey™ DOGE ETF, $DOJE, is coming quickly! DOJE would be the first ETF to ship buyers publicity to the efficiency of the enduring memecoin, Dogecoin.” Quickly after, Bloomberg’s Eric Balchunas added gas, noting: “Appears like Rex goes to launch a Doge ETF by way of the 40 Act a la $SSK subsequent week based mostly on the tweet under mixed w how they simply filed an efficient prospectus. Doge appears to be like like the primary one to exit.”
Associated Studying
What makes DOJE viable on a near-term timeline is construction. As a substitute of the “commodity ETP” pathway (which generally requires a bespoke 19b-Four alternate rule change), DOJE sits inside a ’40-Act open-end ETF registration below the ETF Alternatives Belief—the identical chassis REX-Osprey used to checklist its Solana fund (SSK) earlier this summer time.
The January 21, 2025 prospectus for the belief features a full DOGE fund part, stating the funding goal is to trace the efficiency of Dogecoin and disclosing that the fund might use derivatives (together with swaps) and an entirely owned Cayman subsidiary—the REX-Osprey DOGE (Cayman) Portfolio S.P.—to carry positions, topic to a 25% cap for the subsidiary to protect RIC tax therapy.
REX-Osprey’s SSK is the quick precedent. That fund listed in early July below a ’40-Act framework and shortly gathered property and buying and selling exercise. MarketWatch reported the Cboe itemizing, ~$20 million first-day buying and selling quantity, and the fund’s positioning as the primary US ETF with direct Solana publicity plus staking rewards. Notably, SSK crossed $100 million AUM inside weeks.
Associated Studying
The September 9 effectiveness designation is the important thing gating merchandise earlier than a list venue can publish a buying and selling date; it helps the “subsequent week” launch expectation flagged by Balchunas. Notably, the identical submitting block references further single-coin funds—TRUMP, XRP, BONK, BTC—indicating a broader shelf past DOGE.
How The Dogecoin ETF May Have an effect on Worth
ETFs can affect spot markets by way of primary-market creations and redemptions when web inflows require the sponsor (or approved contributors) to supply the underlying publicity. Whereas attribution is rarely clear in crypto, Solana’s spot price rose roughly 34% from round $152 on July 3, 2025 (the day after SSK’s launch window) to roughly $204 as we speak, with SSK racing to $100 million+ AUM in its early weeks.
That precedent is directionally related for DOGE if DOJE lists and attracts sustained creations. In such a situation, the fund advanced and its approved contributors would want to accumulate DOGE cash or DOGE-linked exposures—by way of spot purchases, swaps, or different devices—to fulfill primary-market demand, doubtlessly tightening out there float on the margin.
Liquidity in SOL is considerably deeper, with greater than thrice the market capitalization and buying and selling quantity of DOGE, whereas DOGE stays extra retail-driven, so the magnitude of any ETF-related impulse might in reality be extra pronounced. Nonetheless, the mechanism is analogous: web inflows beget web buys of the reference asset, and the secondary market visibility can broaden the investor base past native crypto venues.
At press time, DOGE traded at $0.216.
Featured picture created with DALL.E, chart from TradingView.com
Jake Simmons Read More
