"Regulators Quietly Pave the Way for DOGE's Mainstream Takeoff"

DOGE ETF Sparks Trading Action as REX Shares and Osprey Funds Move Toward Launch

The first Dogecoin (DOGE) exchange-traded fund is poised to debut as early as next week, according to a recent filing by REX Shares and Osprey Funds. The fund, known as the REX-Osprey Doge ETF and trading under the ticker DOJE, will offer investors direct exposure to the performance of DOGE, one of the most recognizable memecoins in the market. The announcement follows a pattern of regulatory progress that has allowed the crypto sector to expand into new investment vehicles in recent months.

The filing outlines a legal structure similar to REX Osprey's successful Solana staking fund, which was approved earlier this year. This approach involves establishing a subsidiary in the Cayman Islands to access assets that are otherwise restricted under U.S. regulations. Through the REX-Osprey DOGE Cayman Portfolio, the ETF will gain exposure to DOGE without violating the Investment Company Act of 1940. Bloomberg Intelligence analyst Eric Balchunas has noted that the filing pattern and recent activity on social media suggest the ETF's imminent launch.

The DOGE ETF launch is part of a broader trend of increasing regulatory flexibility under SEC Chairman Paul Atkins. In July, the SEC approved in-kind creation and redemption mechanisms for crypto ETFs, a move that has opened the door for more sophisticated and efficient trading mechanisms. This was followed by the approval of spot Bitcoin and Ethereum ETF applications, which signaled a shift in the agency's approach to digital asset regulation.

The regulatory environment has also seen the approval of options trading on certain spot Bitcoin ETPs. With over 90 crypto-related ETF proposals still in the review pipeline, the industry is on the cusp of a significant expansion. Other major players, including Grayscale and Bitwise, are also working on DOGE ETF applications, indicating strong institutional interest in the token.

At the time of the filing, DOGE was trading at $0.21, a decline of 4.3% from the previous day, but maintaining a market capitalization of $32 billion. The token remains one of the most valuable memecoins, with growing interest in its inclusion in traditional financial products. The legal precedent set by the Solana staking ETF is expected to serve as a model for future crypto funds, potentially accelerating the integration of digital assets into mainstream investment portfolios.