REX Shares and Osprey Funds have jointly filed the first U.S. Dogecoin (DOGE) exchange-traded fund (ETF) application with the Securities and Exchange Commission. The proposed fund, named REX-Osprey DOGE ETF with ticker DOJE, would invest at least 80% of its assets in Dogecoin or related financial instruments such as futures contracts and swaps that track DOGE's performance. The remaining assets may be held in Treasury securities or cash equivalents to support daily operations.
The filing, submitted on September 3, 2025, represents a significant step toward bringing the popular memecoin into regulated investment products. REX-Osprey has experience in crypto products, having previously restructured its Solana Staking ETF for tax efficiency. CEO Greg King of REX Financial stated: "Moving the ETF into a regulated structure brings it in line with the US ETF model—investors benefit directly and avoid double taxation."
Market reaction has been immediately positive, with Dogecoin's price rising to $0.22060, up 2.68% daily. The token has gained nearly 11% over the past month and 122% over the past year, though it remains 30% down year-to-date and 54% below its all-time high.
Technical analysts identify a bullish pattern forming on weekly charts, with higher highs and higher lows developing over recent months. Key resistance levels sit at $0.243 and $0.495, with support holding around the $0.20 zone. Analysts like James Seyffart and Ali Martinez have highlighted potential bullish trends, with Seyffart noting the filing's significance in his comprehensive list of digital asset ETF applications.
The SEC review process is now underway, with analysts anticipating a potential approval decision in late 2025. The filing warns that crypto tax policy remains unclear and could impact investment returns, while market volatility continues to present risks for any crypto-based investment product.