Dogecoin News Today: Dogecoin's ETF Breakthrough: A Regulatory Shortcut Sparks Big Bets

REX Shares is poised to launch the first U.S. Dogecoin exchange-traded fund (ETF) as early as next week, according to Bloomberg analyst Eric Balchunas. The fund is expected to utilize the same regulatory framework as REX’s successful Solana staking ETF, which involves the Investment Company Act of 1940—commonly referred to as the “40 Act.” This regulatory pathway allows for a quicker approval process compared to the traditional S-1 and 19b-4 filings that are still pending for other Dogecoin ETF proposals from firms like 21Shares, Bitwise, and Grayscale [1].

The 40 Act route has been described by ETF Store President Nate Geraci as a “regulatory end-around,” enabling REX to sidestep some of the prolonged regulatory hurdles that have delayed other crypto ETFs. In its prospectus filing, REX emphasized that Dogecoin is a relatively new innovation and warned investors of its volatility, including rapid price swings and market uncertainty [1]. Despite the risks, Dogecoin has shown significant performance over the past year, with a 116.67% increase according to CoinMarketCap data [1].

The potential launch of a Dogecoin ETF marks a major development for the meme coin, which has long been supported by high-profile figures such as Elon Musk. Musk has played a key role in shaping public perception of Dogecoin, including his 2021 Saturday Night Live appearance where he referred to the token as “a hustle.” More recently, Musk’s attorney, Alex Spiro, has been reported to lead a public company aiming to raise $200 million in Dogecoin investments [1]. These developments highlight the growing institutional interest in the asset.

In addition to its cultural appeal, Dogecoin is also gaining traction in institutional finance. CleanCore Solutions, a publicly traded company, recently announced that it would use Dogecoin as its primary treasury reserve asset, following a $175 million private placement involving over 80 institutional and crypto-native investors [3]. This move is seen as a significant step toward broader institutional adoption and could signal more investment in the token.

Technical analysis of Dogecoin’s price action suggests a potential bullish breakout. On the weekly chart, the coin is trading within a megaphone pattern that has historically led to larger rallies than previous ones. Analysts have identified a potential price target of $1.40 if the pattern completes, representing a 550% increase from its current level. On the daily chart, DOGE is consolidating within a symmetric triangle pattern, with the 50-day moving average at around $0.225 acting as a key resistance level [3].

The potential approval of the first Dogecoin ETF could further drive demand, particularly as the token gains more mainstream and institutional recognition. Meanwhile, the U.S. Securities and Exchange Commission (SEC) is currently reviewing 92 crypto ETF applications, including several Dogecoin-related proposals [2]. If REX’s ETF is approved, it would mark a pivotal moment for Dogecoin and the broader cryptocurrency market, offering investors a new and regulated way to access the meme coin’s potential.

Source:

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

[2] First Dogecoin ETF May Debut in the US Next Week (https://finance.yahoo.com/news/first-dogecoin-etf-may-debut-042810821.html)

[3] Dogecoin Poised for Historic ETF Launch, Technical Patterns Signal Potential 550% Rally to $1.40 (https://www.fxleaders.com/news/2025/09/05/dogecoin-poised-for-historic-etf-launch-technical-patterns-signal-potential-550-rally-to-1-40/)