Dogecoin Jumps 8% as First U.S. DOGE ETF Doubles Forecast With $6M Debut

Dogecoin (DOGE) surged 8% over the past 24 hours, outpacing Bitcoin and Ethereum, following the launch of the first ￰2￱ DOGE exchange-traded fund (ETF). The fund, called DOJE, began trading Thursday morning on the Cboe BZX exchange in Chicago and quickly exceeded expectations, recording nearly $6 million in trading volume within its first ￰3￱ ETF Outpaces Analyst Forecasts, Highlighting Institutional Demand The ETF is issued through a collaboration between REX Shares and Osprey Funds, two companies that have focused heavily on crypto-related investment ￰4￱ prospectus, filed last week, outlined a strategy for the fund to hold Dogecoin directly, with the possibility of investing in other crypto ETFs and ￰5￱ REX, we’re building the next generation of crypto ETFs that bring investors simple, regulated access to digital assets.

Today, we’re excited to announce the launch of: · $DOJE – the first ETF offering exposure to spot $DOGE in the U. S. · $XRPR – the first ETF offering… ￰6￱ — REX Shares (@REXShares) September 18, 2025 Unlike most crypto ETFs structured under the Securities Act of 1933, DOJE was registered under the Investment Company Act of ￰7￱ legal framework regulates pooled investment funds and allows for more actively managed ￰8￱ ETF offers exposure to Dogecoin through a wholly owned subsidiary registered in the Cayman Islands, creating a distinct legal structure compared to traditional spot Bitcoin and Ethereum ￰9￱ Senior ETF Analyst Eric Balchunas initially estimated that DOJE would attract around $2.5 million in volume on its first day.

Instead, it more than doubled that figure within the opening session. “My over/under got destroyed in the first hour of trading as DOJE already posted nearly $6M in volume,” Balchunas noted on X, calling the early performance “shockingly solid.” My over/under got destroyed in the first hour of trading as $DOJE already posting nearly $6m in volume. That's shockingly solid.. Most ETFs trade under $1m on Day One. ￰0￱ ￰10￱ — Eric Balchunas (@EricBalchunas) September 18, 2025 For context, most new ETFs record less than $1 million in trading volume during their ￰11￱ launch of DOJE coincided with the rollout of the first ￰12￱ XRP ETF , XRPR, also managed by REX and ￰13￱ reached $24 million in trading volume within two hours, five times higher than XRP futures ETFs saw during their initial ￰14￱ ETFs mark milestones in bringing alternative crypto assets into regulated ￰15￱ markets.

Dogecoin’s inclusion as the centerpiece of a ￰16￱ represents a significant step for a cryptocurrency often dismissed as a meme ￰17￱ said DOJE’s early success highlights growing institutional interest in assets once thought to be favored only by retail ￰18￱ Dogecoin ETFs could soon ￰19￱ and Bitwise have filed proposals under the Securities Act of 1933, a route more commonly used by spot Bitcoin and Ethereum ￰20￱ expect decisions on those applications by October 17, with several predicting approvals are highly likely. Meanwhile, Dogecoin’s price momentum may also be receiving support from new corporate ￰21￱ Solutions, a publicly traded cleaning and disinfecting company, announced earlier this week that it had accumulated an additional 100 million DOGE , bringing its total holdings to 600 million DOGE, valued at roughly $170 ￰22￱ has partnered with the Dogecoin Foundation’s commercial arm, the House of Doge, and has outlined long-term plans to accumulate up to 5% of Dogecoin’s circulating supply, equivalent to about 7.5 billion DOGE, or $2.1 billion at current ￰23￱ press time, Dogecoin was trading at $0.286, up nearly 34% over the past ￰24￱ Clears Framework Allowing Wider Range of Spot Crypto Funds The approval of spot Bitcoin ETFs in January 2024 marked a turning point for digital asset ￰25￱ years of resistance and a court battle with Grayscale, the ￰26￱ relented, opening the door to mainstream ￰27￱ then, more than $57 billion has poured into spot Bitcoin ETFs, according to ￰28￱ followed in July 2024, with BlackRock and rivals launching funds tied to the second-largest cryptocurrency.

A year later, Rex Financial and Osprey Funds expanded the market further with the first Solana ETF. Now, the SEC has taken another decisive ￰29￱ Wednesday, the regulator approved new listing standards for major U. S. exchanges, including Nasdaq, Cboe BZX, and NYSE ￰30￱ SEC has approved new rules allowing Nasdaq, Cboe and NYSE to fast-track crypto spot ETFs, opening the door to wider listings. #SEC #CryptoETFs ￰1￱ — ￰31￱ (@cryptonews) September 18, 2025 The move removes the need for case-by-case reviews and sets clear rules for commodity-based trust shares, clearing the way for a broader range of spot crypto ￰32￱ the new framework, the path from filing to launch could shrink to as little as 75 days, compared with up to 240 days ￰33￱ analyst James Seyffart described the rules as the “crypto ETP framework we’ve been waiting for,” predicting a wave of new ￰34￱ expect Solana and XRP ETFs to be among the first to benefit.