First Dogecoin ETF May Debut in the US Next Week: Bloomberg Analyst

A Dogecoin exchange-traded fund (ETF) could be hitting US markets as soon as next week, according to Bloomberg ETF analyst Eric ￰1￱ Takeaways: REX Shares may launch the first ￰2￱ ETF next week using the faster 40 Act ￰3￱ traditional crypto ETFs, 40 Act funds avoid SEC delays and regulatory hurdles. Dogecoin’s cultural appeal and price rebound continue to fuel institutional interest and ETF ￰4￱ a Thursday post on X , Balchunas pointed to ETF issuer REX Shares filing an effective prospectus with the US Securities and Exchange Commission (SEC), signaling the potential launch of a Dogecoin ETF under the Investment Company Act of 1940, commonly referred to as the “40 Act.” “Looks like Rex is going to launch a Doge ETF via the 40 Act a la $SSK next week,” Balchunas ￰5￱ same structure was previously used by REX to roll out a Solana staking ETF earlier this year. 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 ￰6￱ 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 ￰7￱ 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. ￰0￱ — Nate Geraci (@NateGeraci) May 30, 2025 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 ￰8￱ this year, 21Shares submitted a formal proposal for a Dogecoin ETF, following similar filings from Bitwise and Grayscale, all still awaiting SEC ￰9￱ 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 ￰10￱ continues to enjoy cultural relevance far beyond crypto ￰11￱ long-time supporter, Elon Musk, famously referred to it as “a hustle” during a 2021 Saturday Night Live ￰12￱ recently, Musk’s lawyer Alex Spiro was reported to be heading a $200 million public company focused on Dogecoin ￰13￱ 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 ￰14￱ 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 ￰15￱ wave of new applications reflects growing interest in altcoin-focused ETFs and could spark fresh capital inflows into the crypto ￰16￱ and XRP are leading the ETF race, with eight and seven pending applications ￰17￱ altcoins now rank as the most targeted crypto investments after Bitcoin and ￰18￱ 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 ￰19￱ reported, digital asset investment products bounced back last week, drawing in $2.48 billion in inflows after a brief period of ￰20￱ surge pushed August’s total inflows to $4.37 billion, bringing the year-to-date figure to $35.5 billion.