First U.S. Spot Dogecoin ETF Set to Launch September 11

Key Highlights

• DOGE ETF launches Thursday, opening doors for institutional investors.
• Investors watch closely as memecoin gains market legitimacy.
• First 1940 Act crypto ETF could reshape the crypto market.

Dogecoin ETF Set to Launch This Week

Trading in Dogecoin (DOGE) spot exchange-traded fund shares from REX Shares and Osprey Funds is expected to begin Thursday, September 11, 2025, according to Bloomberg Intelligence analyst Eric Balchunas.

This ETF, registered under the Investment Company Act of 1940, bypasses the lengthy SEC review process and positions itself as a mutual investment fund. The product will enter the market under the ticker DOJE, offering investors a new way to engage with the popular memecoin.

How the ETF Works and Why It Matters

The REX-Osprey DOGE ETF operates through the REX-Osprey DOGE (Cayman) Portfolio SPV. This registration approach, as explained by Ganesh Mahidhar of Further Ventures, aligns it with traditional stock and bond ETFs while maintaining investor protections under the 1940 Act.

REX Shares and Osprey Funds previously launched spot ETFs for Solana and BNB using the same method. Despite SEC skepticism, these ETFs reached the market, signaling that DOGE could follow the same trajectory.

DOGE has responded positively to the news, with weekly gains of 12.2% on Binance. DogeOS CEO Jordan Jefferson stated that the ETF launch demonstrates how institutional investors are embracing the community and culture of Dogecoin.

While ETF issuers registered under the Securities Act of 1933 still await SEC approval, the 1940 Act path has allowed this groundbreaking product to come to market first, potentially marking a historic moment for memecoin investing.