Dogecoin News Today: Regulators Sidestep Tradition as Dogecoin ETF Nears Launch

REX Shares is poised to launch the first Dogecoin (DOGE) exchange-traded fund (ETF) in the United States as early as next week, according to Bloomberg ETF analyst Eric Balchunas. The move is expected to follow the regulatory framework known as the 40 Act, a structure previously used by REX Shares for its Solana staking ETF. This alternative route bypasses some of the delays typically encountered by traditional crypto ETFs that require more rigorous SEC review under Form S-1 and Form 19b-4. In its prospectus filing with the SEC, REX highlighted the inherent risks of DOGE, including its susceptibility to rapid price fluctuations and market uncertainty. Despite recent volatility, Dogecoin has seen a 116.67% increase over the past year, though it currently trades at approximately $0.2129, down from its high of $0.4672 in December 2024. The anticipated launch represents a significant milestone for the meme coin, which has drawn both mainstream and institutional attention due to its cultural resonance and ongoing price movements.

The proposed Dogecoin ETF by REX Shares signals a growing appetite among investors for crypto exposure. This structure, described by ETF Store president Nate Geraci as a “regulatory end-around,” allows for quicker market entry by avoiding the traditional SEC approval process. The ETF will likely provide U.S. investors with a regulated and accessible means to invest in Dogecoin without directly holding the token. REX Shares has already filed an effective prospectus with the SEC, indicating the regulatory pathway is well underway. The firm is also pursuing a similar 40 Act structure for an ETF linked to the TRUMP token, which would involve purchasing shares in an offshore entity that holds the token. This strategy reflects a broader trend in the ETF market, where alternative structures are being utilized to expedite product launches in the evolving regulatory landscape of the crypto sector.

Dogecoin’s rise from a joke to a globally recognized cryptocurrency has been fueled by both its technological innovation and cultural adoption. Longtime supporter Elon Musk, who has frequently referenced the coin on social media, recently had his attorney, Alex Spiro, reported as leading a public company aiming to raise $200 million to invest in Dogecoin. This renewed interest has contributed to the growing institutional interest in the token, with multiple ETF proposals from firms such as 21Shares, Bitwise, and Grayscale still awaiting SEC approval. The anticipated REX Shares ETF could be the first of its kind to offer direct exposure to Dogecoin, marking a turning point in its acceptance within traditional financial markets. Analysts and investors alike are closely watching how this development will influence the token’s price and broader market sentiment.

Speculation around Dogecoin’s price trajectory has intensified in recent months. As the ETF launch nears, some analysts are setting price targets based on technical indicators and market momentum. A price target of $0.33 has emerged in discussions among traders and analysts, particularly if the ETF sees a breakout in demand upon its listing. This level represents a 55% increase from the current price and would signify a significant rally for Dogecoin, assuming sustained institutional and retail investor interest. While no official forecasts from REX Shares or independent analysts have cited this specific target, the expectation of increased liquidity and accessibility through an ETF has contributed to bullish sentiment. Additionally, the broader market environment, including macroeconomic factors and regulatory clarity, could influence Dogecoin’s future performance, particularly if other crypto ETF applications receive SEC approval.

The potential launch of a Dogecoin ETF underscores a broader trend in the cryptocurrency market, where institutional adoption and regulatory clarity are becoming key drivers of growth. With 92 crypto ETF applications currently under review by the SEC, according to Bloomberg Intelligence analyst James Seyffart, the regulatory landscape remains a critical factor in market dynamics. The 40 Act approach adopted by REX Shares may serve as a model for other firms seeking to launch crypto ETFs, particularly in a market where speed and agility are essential. If successful, the Dogecoin ETF could pave the way for more crypto-related products, further integrating digital assets into mainstream financial portfolios. This development aligns with the increasing convergence between traditional finance and the crypto ecosystem, driven by technological advancements and a shift in investor sentiment toward digital assets.

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 Price Chart Today - Live DOGE/USD (https://goldprice.org/cryptocurrency-price/dogecoin-price)