10.09.2025 04:42

Dogecoin is on the cusp of entering the mainstream financial market, with the REX-Osprey Dogecoin ETF scheduled to launch this Thursday in the United States. This significant event marks a new frontier for regulated cryptocurrency investment options, following the remarkable success seen last year with Bitcoin and Ether funds.

This week's development signals the advent of meme coin-based exchange-traded funds within the world's largest economy. As highlighted by a Bloomberg ETF analyst on Tuesday, the Rex-Osprey Doge ETF, which will trade under the ticker DOJE, is unique. The analyst noted, "This is likely the first-ever U.S. ETF to hold an asset specifically designed without inherent utility or purpose." Structured under the Investment Company Act of 1940, similar to the SSK fund, DOJE will exclusively hold Dogecoin, a digital asset primarily known for its speculative and cultural value, distinct from cryptocurrencies that fulfill specific blockchain functions.

Long hailed as the progenitor of memecoins, Dogecoin has been a fixture on exchanges for over a decade, cultivating a vast and dedicated investor base and inspiring a multitude of imitators across the crypto landscape. Currently boasting a substantial market capitalization of $36.2 billion, the seminal meme coin was recently trading at $0.2401, reflecting a modest 0.6% increase over the past 24 hours, according to market data.

The impending launch of the first Dogecoin-based ETF has ignited considerable speculation among market observers. The prevailing question is whether this new regulated pathway will finally provide the momentum for DOGE's price to breach the coveted $1 mark. Its performance will offer a critical test for the evolving regulated crypto market, particularly for assets whose primary appeal lies in community and cultural phenomena rather than technological utility.