Dogecoin Bulls has long been waiting for a stock exchange fund in the United States that tracks the token’s volatile price movements, and it could be as soon as this week.
Rex-OsPrey Doge Etf, Tickered $ Doje, seems to be launching this week, according to ETF store president Nate Geraci. The product would offer investors direct exposure to the performance of Memecoin, making it the first of its kind in the US market.
ETF is supported by Rex shares and Osprey Funds, the companies behind $ SSK, a Solana staple ETF that went live earlier this year. $ Doje is distributed by Survey Fund Services LLC.
The move would extend a race with crypto -formed ETFs after the approval of Spot Bitcoin and Ether Products in 2024, and comes as issuers run to roll new offers tied to alternative tokens and strategies. Doge’s profile as a “cultural” asset, long run by Elon Musk’s references and presence on social media, makes it a natural candidate for a retail-facing ETF product.
Market participants expect increased volatility around launch. “Think we’re in a wild next 2 months for crypto -Tfs,” Geraci said at X, signaling that DOGE could draw speculative currents similar to other spot products.
DOGE last traded at about 23 cents, an increase of 7% during the last day and almost 15% of the week, surpassing larger tokens such as Bitcoin and Ether.
This is also not the first Memecoin-related ETF proposed to the US market. On August 26, Canary Capital Group filed for SEC to launch a spot ETF that would hold the Trump coin, a Solana-based token linked to President Donald Trump.
Dealers monitor if a dove (or Trump) ETF listing draws new demand into the MEMECOIN sector or whether quantities remain concentrated in existing exchange markets.
