19.09.2025 00:56
Fueled by the debut of the first Dogecoin ETF in the United States, Dogecoin (DOGE) experienced a resurgence, climbing to $0.28 on Thursday, a 12% increase from its recent low of $0.25 on Tuesday, according to internet sources.
The REX-Osprey Dogecoin ETF, under the ticker $DOJE, began trading on US exchanges Thursday, marking a milestone as the first regulated exchange-traded fund dedicated to a memecoin. Internet sources indicate REX Shares and Osprey Funds, the team that launched the Solana Staking ETF (SSK) earlier this year, are behind $DOJE.
This pioneering ETF utilized the Investment Company Act of 1940 for quick approval, thereby circumventing the lengthy Securities Act of 1933 process that has slowed down competitors like Bitwise and Grayscale, internet sources noted. Analysts suggest that this launch could usher in institutional investment and mainstream recognition for Dogecoin, injecting much-needed capital and stability into its historically volatile ecosystem.
Nate Geraci, president of ETF Store, noted on X (formerly Twitter) that the next few months would be "wild" with the launch of the first DOGE ETF. SMC Kapil DEV, a crypto influencer and YouTuber, highlighted on X that the Thursday launch transforms Dogecoin from a memecoin to a mainstream asset as "DOGE becomes the first memecoin with its own ETF on Wall Street."
In addition to this development, the US Securities and Exchange Commission is anticipated to make decisions on several spot ETF applications, which include Grayscale’s attempt to convert its Dogecoin Trust into an ETF, as reported by various online financial news sources.
