Dogecoin News Today: Dogecoin’s Leap Into Mainstream Finance Begins with ETF Breakthrough

The potential launch of the first Dogecoin (DOGE) exchange-traded fund (ETF) in the United States is anticipated to occur as early as next week, based on recent regulatory developments and public comments from industry analysts. REX Shares, a key player in the crypto ETF space, is leveraging a regulatory framework known as the 40 Act to expedite the product’s launch, a strategy previously employed for its Solana staking ETF. According to Bloomberg analyst Eric Balchunas, the company appears poised to launch the Dogecoin ETF, referencing REX Shares’ filing of an effective prospectus with the U.S. Securities and Exchange Commission (SEC) [1].

The 40 Act approach differs from the traditional route used by most crypto ETFs, which require the SEC to approve Form S-1 and Form 19b-4. Instead, the 40 Act allows REX Shares to bypass the lengthy rule change process by registering under the Investment Company Act of 1940. This method was successfully used for REX’s Solana staking ETF, which listed on Cboe in July 2025, and it is now being applied to the Dogecoin ETF. The prospectus filed by REX warns that DOGE is subject to unique and substantial risks, including rapid price fluctuations and market uncertainty [1].

REX Shares has also filed for an ETF tracking the token associated with former U.S. President Donald Trump (TRUMP) under the same regulatory structure. The Dogecoin ETF, branded as the REX-Osprey DOGE ETF (ticker DOJE), is intended to provide investors with exposure to the performance of Dogecoin, which has surged by 116.67% over the past year but has since declined from its 2024 high of $0.4672 to $0.2129 as of the time of reporting [1].

The regulatory path being used by REX Shares is not without precedent. Earlier this year, the firm launched its Solana + Staking ETF using a similar structure, which involved a Cayman Islands-based subsidiary to hold the underlying assets. This structure allows the fund to achieve exposure to the crypto asset without waiting for the SEC to approve a custom 19b-4 rule change [2]. The DOGE ETF is expected to follow the same model, with at least 80% of its assets allocated to Dogecoin or related instruments, potentially including derivatives such as futures and swaps [2].

Despite REX Shares’ progress, several other Dogecoin ETF proposals are still pending approval. Bitwise, 21Shares, and Grayscale have all submitted applications for Dogecoin ETFs, but these are structured as commodity-based grantor trusts, which require an exchange rule change before they can be listed. Meanwhile, the SEC is currently reviewing a broader proposal for generic listing standards that could streamline the approval process for a range of crypto ETFs, including those focused on altcoins like Solana and XRP [3].

The broader regulatory environment has been marked by delays and uncertainty. As of late August, nearly 100 crypto ETFs were still awaiting SEC approval, with some applications having been pending for months. The SEC has delayed decisions on key ETFs, including those linked to Bitcoin, Ethereum, Solana, and XRP, pushing the final rulings into October [4]. These delays are partly attributed to the agency’s reduced staffing levels and the complexity of evaluating digital assets, which remain a relatively new investment class [4].

If approved, the Dogecoin ETF is expected to mark a significant milestone in the mainstream adoption of crypto assets. Dogecoin, a memecoin with widespread cultural recognition, has long been supported by figures like Elon Musk, who has publicly endorsed the token. The fund’s launch could increase institutional and retail investor participation in the Dogecoin market, potentially contributing to broader acceptance of crypto assets in traditional finance [1].

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 'Coming Soon': REX-Osprey Teases ... (https://www.mitrade.com/insights/news/live-news/article-3-1097444-20250905) [3] Dogecoin ETFs—and More—Could Land Soon if the SEC ... (https://finance.yahoo.com/news/dogecoin-etfs-more-could-land-090000281.html) [4] Nearly 100 Crypto ETFs Are Waiting for SEC Approval (https://www.paymentsjournal.com/nearly-100-crypto-etfs-are-waiting-for-sec-approval/) [5] SEC Delays Key Crypto ETF Decisions, Setting the Stage ... (https://www.crypto-reporter.com/press-releases/sec-delays-key-crypto-etf-decisions-setting-the-stage-for-a-major-shift-in-digital-asset-investment-2-108994/)