Catenaa, Wednesday, September 10, 2025-The first US exchange-traded fund tied to Dogecoin is slated to begin trading tomorrow (Thursday), while federal regulators again postponed a rival application.
REX Shares and Osprey Funds secured approval under the Investment Company Act of 1940, clearing the way for their fund, listed as DOJE, to debut this week.
The ETF will give investors exposure to Dogecoin through a Cayman Islands subsidiary.
The Securities and Exchange Commission said Tuesday it required more time to review Bitwise’s proposal for a separate Dogecoin fund.
The agency also delayed a decision on Grayscale’s Hedera ETF. Bitwise faced a similar setback in June, marking the second time its filing has been pushed back.
Analysts said the DOJE launch represents the first US ETF linked to a token created as a joke but sustained by strong retail demand.
Bloomberg Intelligence’s Eric Balchunas noted that DOJE marks a rare case of an ETF tracking an asset with “no utility on purpose.”
The SEC, under new Chairman Paul Atkins, has pledged to adopt a friendlier approach to digital assets, though nearly 100 crypto-related ETF applications remain pending.
Investors and issuers are watching closely to see whether broader approval follows the Dogecoin fund’s debut.
The DOJE fund signals a new phase for memecoin investing, blending mainstream market access with the volatility of one of the most speculative digital assets.
