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The primary Dogecoin ETF may debut as early as subsequent week, stated Bloomberg analysts, including that the potential launch comes with a brand new altcoin season already underway.
In an X publish, Bloomberg ETF (exchange-traded fund) analyst Eric Balchunas famous that REX Shares has filed an efficient prospectus with the US Securities and Change Fee (SEC), which may result in the launch of a DOGE ETF beneath the Funding Firm Act of 1940.
That very same construction was utilized by REX to roll out a Solana staking ETF earlier this 12 months, enabling it to launch a SOL fund forward of its opponents.
In contrast to spot crypto ETFs which can be filed beneath Kind S-1 and 19b-4, the Funding Firm Act of 1940 takes another route. This lets REX Shares keep away from a few of the delays dealing with conventional crypto funds, which may result in a choice solely being given after 240 days.
If authorised, the REX-Osprey DOGE ETF will commerce beneath the ticker “$DOGE,” and can monitor the efficiency of the most important meme coin by market cap, in line with an X publish by the corporate.
The REX-Osprey™ DOGE ETF, $DOJE, is coming quickly!$DOJE would be the first ETF to ship traders publicity to the efficiency of the long-lasting memecoin, Dogecoin $DOGE.
From REX-Osprey™, the staff behind $SSK, the primary SOL + Staking ETF.@OspreyFunds
Investing entails threat.… pic.twitter.com/2eVv2hI7cf
— REX Shares (@REXShares) September 3, 2025
Corporations Have Issued A number of Altcoin ETF Functions To The SEC
REX Shares is just not the one agency trying to launch a DOGE ETF.
Earlier this 12 months, 21Shares submitted its personal formal proposal to the SEC for a Dogecoin ETF. That is after Bitwise and Grayscale additionally submitted their functions, that are presently awaiting a choice from the securities regulator.
Together with the DOGE ETF filings, there are presently 92 crypto ETF functions beneath evaluate by the SEC.
NEW: Here’s a record of all of the filings and/or functions I am monitoring for Crypto ETPs right here within the US. There are 92 line gadgets on this spreadsheet. You’ll nearly actually must squint and zoom to see however greatest I can do on right here pic.twitter.com/lDhRGEQBoW
— James Seyffart (@JSeyff) August 28, 2025
An in depth spreadsheet that was revealed in direction of the top of August exhibits that the majority of these filings are for funds that monitor Solana (SOL), Ripple’s XRP, and Litecoin (LTC).
Solana and XRP have eight and 7 pending ETF functions, respectively, rating them as essentially the most focused altcoin investments following the launch of spot Bitcoin and spot Ethereum ETFs within the US final 12 months.
A closing choice for the altcoin ETF functions is anticipated by October.
Altcoin Season Has Begun
As ETF issuers await a choice from the SEC for his or her respective altcoin funds, Bloomberg Intelligence ETF analyst James Seyffart says the long-awaited altcoin season has already began.
“I believe that is the alt season, this has been the alt season” he stated throughout a current interview with Milk Street.
He stated that this cycle is completely different from previous crypto cycles, primarily as a result of institutional gamers have began coming into the crypto area. This entrance has been via digital asset treasury corporations (DATCOs), which he says have been “on absolute fireplace” lately.
In a while within the interview, Seyffart did say that altcoin costs won’t soar as a lot as they did in previous cycles. He backed this prediction by saying that the probabilities that institutional traders will look past the highest 30 record of the most important cryptos are actually low.
He additionally warned that altcoin ETFs won’t draw the identical degree of demand that spot Bitcoin ETFs have seen since their launch final 12 months.
As an alternative, he believes that funding merchandise that mix a number of cryptos, “funding baskets,” are more likely to seize extra institutional demand.
Seyffart’s assertion that the altcoin season has already began comes as the whole market capitalization for alts rose over 33% within the final 2 months, and has risen one other 1% this month thus far, in line with TradingView information.
Month-to-month chart for the altcoin market cap (Supply: TradingView)
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