Dogecoin ETF Launch Might Kickstart Meme Coin ETF Period

A Dogecoin ETF (exchange-traded fund) is about to debut tomorrow, doubtlessly ushering in a wave of meme coin ETFs within the US.

The REX-Osprey Dogecoin ETF (DOJE) is anticipated to launch on Sept. 11, providing buyers direct publicity to Dogecoin by means of a construction designed for sooner SEC approval below the Funding Firm Act of 1940 Act.

A number of different Dogecoin ETF purposes are already below overview by the Securities and Alternate Fee together with filings from Bitwise, Grayscale and 21Shares.

Canary has submitted a proposal for the PENGU ETF, which would offer oblique publicity to the Solana-based meme coin Pudgy Penguins (PENGU), whereas Tuttle Capital has filed for 2x leveraged ETFs for BONK, TRUMP and MELANIA meme cash.

“Meme coin ETF period about to kick off it seems like with $DOJE slated for a Thursday launch,” stated Bloomberg ETF analyst Eric Balchunas in a publish on X. “Fairly certain that is first-ever US ETF to carry one thing that has no utility on objective.”  

Anticipation for the DOGE ETF launch has already fueled an 11% surge within the Dogecoin value over the previous week, enabling it to outperform all different high ten cryptocurrencies by market cap, in keeping with CoinMarketCap.

Dogecoin value efficiency (Supply: CoinMarketCap) 

DOGE trades at $0.2397 as of 1:40 a.m. EST. 

REX Shares And Osprey Dogecoin ETF Progresses As Bitwise Resolution Delayed

The REX-Osprey Doge ETF (DOJE) was filed below the Funding Firm Act of 1940. This can be a completely different framework from the Securities Act of 1933, which normally governs grantor trusts that maintain bodily commodities or derivatives. 

DOJE will supply its buyers publicity to Dogecoin by means of investments in a subsidiary organized within the Cayman Islands referred to as the REX-Osprey DOGE (Cayman) Portfolio S.P., in keeping with the prospectus for the brand new ETF. 

The submitting below the 1940 Act permits for a sooner launch as a result of the US Securities and Alternate Fee (SEC) has long-standing procedures for these purposes, whereas ETFs filed below the 1933 Act are nonetheless handled as novel merchandise. 

This isn’t the primary time REX Shares and Osprey have opted for this method. Earlier this 12 months, the identical construction was used to fast-track the approval of the REX-Osprey SOL + Staking ETF with the ticker “$SSK.” The fund was launched on July 2. 

Balchunas famous that there’s nonetheless “an enormous group” of purposes below the 1933 Act which are nonetheless ready for a call from the SEC on their respective Dogecoin ETF purposes. 

A kind of purposes is from asset supervisor Bitwise. The SEC just lately determined to push again the choice on the Bitwise Dogecoin ETF, which was filed in March and printed within the Federal Register on March 17, to Nov. 12.

In a submitting, the SEC stated that it wanted a “longer interval” earlier than deciding on whether or not to approve or deny a proposed rule change that may clear a manner for Bitwise to listing an ETF monitoring the meme coin.

Different asset managers together with Grayscale and 21Shares are among the many bidding Dogecoin ETF issuers who’re ready for approval from the SEC for his or her purposes.

At Least 92 Different Crypto ETFs In The Pipeline

Following the profitable launch of spot Bitcoin and spot Ethereum ETFs within the US final 12 months, which has seen billions of {dollars} move into these funds since they hit the market, quite a few fund managers are racing to launch related merchandise for different high cryptos. 

Bloomberg ETF analyst James Seyffart stated final month that there are 92 proposals for ETFs that observe cryptos equivalent to Solana (SOL), XRP, and Litecoin (LTC).

NEW: Here’s a listing of all of the filings and/or purposes I am monitoring for Crypto ETPs right here within the US. There are 92 line objects on this spreadsheet. You’ll nearly definitely should squint and zoom to see however finest I can do on right here pic.twitter.com/lDhRGEQBoW

— James Seyffart (@JSeyff) August 28, 2025

The tsunami of latest ETF purposes comes because the Trump Administration forges forward with pro-crypto insurance policies.

Even the Trump household, by means of Trump Media and Expertise Group (TMTG), has partnered with alternate Crypto.com to launch a collection of “Made in America” crypto ETFs.

These embrace the Fact.Fi Bitcoin Plus ETF that was trademarked by TMTG in February, and the Fact.Fi Crypto Blue Chip ETF that was filed with the SEC in the midst of the 12 months.

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