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US Welcomes First Dogecoin ETF: REX-Osprey Set to Launch

REX Shares has announced plans to introduce the first Dogecoin exchange-traded fund (ETF) in the United States, teasing its launch amid ongoing applications for other DOGE funds.

According to a post on social media platform X, the REX-Osprey DOGE ETF, designated as DOJE, aims to give investors exposure to the performance of the popular memecoin.

This ETF proposal, filed earlier this year, is structured under the Investment Company Act of 1940 and thus avoids delays faced by traditional commodity-based dogecoin ETFs that are currently waiting for approval from the SEC.

Unlike most current proposals that require lengthy approval processes, REX's structure frequently allows for quicker market entry, similar to their recent Solana + Staking ETF launch.

Investors should note the inherent risks accompanying DOGE, which has seen significant volatility, warning the public of potential rapid price fluctuations.

Other notable players in the DOGE ETF space include Bitwise and 21Shares, both of which have pending applications awaiting regulatory decisions.

With Dogecoin's price climbing 116% over the past year, the pending ETF launches underscore the growing institutional interest in cryptocurrency.

The anticipated introduction of the DOGE ETF reflects a broader trend toward investment products focused on altcoins, indicating increased market maturity.

As regulators weigh over 90 crypto ETF applications, the coming weeks may prove crucial for DOGE’s recognition as a legitimate investment vehicle.

If approved, the REX-Osprey DOGE ETF would offer the first regulated platform for investing directly in a coin that has captured both market and cultural attention.