Dogecoin News Today: Dogecoin's Leap from Meme to Market-Ready Asset

Analysts and market participants are closely watching the potential approval of the first U.S. Dogecoin (DOGE) exchange-traded fund (ETF), with expectations growing that the Rex-Osprey DOGE ETF, tickered $DOJE, may launch as early as next week. If approved, this ETF will be the first in the U.S. to track the performance of Dogecoin, a memecoin that has gained significant traction in the crypto market. The product, backed by REX Shares and Osprey Funds, is being distributed by Foreside Fund Services LLC and would offer U.S. investors direct exposure to the volatile price movements of Dogecoin. The launch of $DOJE could mark a pivotal moment for Dogecoin, transforming it from a speculative digital asset into a regulated financial product accessible to retail and institutional investors alike.

REX Shares, known for its unconventional and leveraged ETFs, has taken the same regulatory approach used for its Solana staking ETF, $SSK, by filing under the 1940 Act. This strategy allows the DOGE ETF to bypass the lengthy and complex 19b-4 and S-1 processes typically required for traditional crypto ETFs. The SEC has already declared the prospectus effective via Post-Effective Amendment No. 367, with an official effective date set for Sept. 9, 2025. Analysts believe this approach gives the Rex-Osprey DOGE ETF a significant head start over more than 95 competing crypto ETF applications currently pending approval. These rival applications are largely tied up in the traditional regulatory pathways, which involve extensive SEC review.

The Rex-Osprey DOGE ETF is structured to allocate at least 80% of its assets to Dogecoin or DOGE-linked securities, such as futures and swaps, while the remaining 20% will be held in U.S. Treasuries or cash equivalents to provide liquidity and reduce volatility. This structure aims to offer a balanced exposure to Dogecoin while mitigating some of the risks associated with its price swings. The ETF is expected to list on a major exchange such as NYSE Arca, making it accessible to a broad range of investors. Additionally, the product could be eligible for retirement accounts such as IRAs, further expanding its reach.

The potential launch of the DOGE ETF comes at a time of heightened optimism in the crypto market, particularly with expectations of a 50 basis points (bps) Federal Reserve rate cut on the horizon. The broader altcoin market has already shown signs of strength, with Dogecoin leading the rally. Over the past 24 hours, Dogecoin has surged by 7%, trading at around $0.231. This rally has been accompanied by a 125% surge in daily trading volumes, highlighting strong bullish sentiment among investors. Analysts believe the Rex-Osprey DOGE ETF could amplify this momentum, drawing in speculative flows similar to those seen with other crypto ETFs. Some experts have already set price targets for Dogecoin at $1 and beyond, with one noting the possibility of a 740% rally in the current bull market.

Dogecoin's rise as a cultural asset, bolstered by endorsements from high-profile figures such as Elon Musk and its visibility on social media platforms, has made it an attractive candidate for an ETF. The memecoin’s association with retail enthusiasm and its viral appeal suggest that an ETF could attract a significant amount of investor interest. Nate Geraci, president of the ETF Store, has described the potential for the next two months as “wild” for crypto ETFs, signaling that DOGE could pull in speculative flows similar to those seen with other spot products. This sentiment is further supported by Polymarket data, which shows a 94% probability of Dogecoin ETF approval. The growing likelihood of regulatory approval has contributed to increased market optimism and a surge in trading volumes.

The broader altcoin market has also shown strength, with tokens such as XRP, Solana (SOL), and Hyperliquid (HYPE) rising in value amid expectations for a Fed rate cut. The potential for new liquidity infusion in the market has set the stage for what some analysts are calling the next “altcoin season.” This optimism is further fueled by the success of other crypto ETFs, including spot Bitcoin and Ethereum products approved in 2024. As the Rex-Osprey DOGE ETF moves closer to approval, market participants are watching closely to see whether it will attract new demand into the memecoin sector or whether volumes will remain concentrated in existing exchange markets.

The anticipated launch of the Rex-Osprey DOGE ETF is not the first instance of a memecoin-related ETF being proposed in the U.S. Earlier in August, Canary Capital Group filed with the SEC to launch a spot ETF linked to the TRUMP Coin, a Solana-based token tied to Donald Trump. While the DOGE ETF has received more attention due to the broader appeal and cultural resonance of Dogecoin, the filing of the TRUMP Coin ETF highlights the growing interest in memecoin-related investment products. Traders and investors are keen to see whether these products will attract institutional participation and whether they will be able to scale in a way that sustains long-term interest.

Source:

[1] Dogecoin Leads Altcoin Market Rally Amid DOGE ETF Optimism (https://coingape.com/dogecoin-leads-altcoin-market-rally-amid-doge-etf-optimism/)

[2] Dogecoin Leads Altcoin Rally as XRP, Tron and Solana Rise (https://finance.yahoo.com/news/dogecoin-leads-altcoin-rally-xrp-030255384.html)

[3] Could a Dogecoin ETF Be Launched in the U.S. This Week? (https://www.coindesk.com/markets/2025/09/08/could-a-dogecoin-etf-be-launched-in-the-u-s-this-week)

[4] Dogecoin may see first-ever ETF launch next week: Analyst (https://cointelegraph.com/news/dogecoin-etf-united-states-launch-next-week-analyst)

[5] Dogecoin ETF Could Win Approval Ahead of 95 Other ... (https://www.ccn.com/news/crypto/dogecoin-etf-win-approval-ahead-95-crypto-funds/)