The first-ever Dogecoin ETF appears poised to launch this week, with Rex-Osprey's DOGE ETF (ticker: DOJE) expected to begin trading imminently. According to Nate Geraci, President of NovaDius Wealth Management, "the first dogecoin ETF appears likely to launch this week" and anticipates "wild next 2 months for crypto ETFs."
Market reaction has been immediate and substantial, with Dogecoin surging 7% in 24 hours to $0.231 and trading volume jumping 123% to $2.6 billion. DOGE has gained over 10% in the past week after bouncing from a key support level at $0.205. Polymarket data shows 94% approval odds for the ETF, reflecting strong market confidence.
The technical setup suggests significant upside potential. DOGE has broken above a descending trendline that has acted as resistance since late July, with key resistance zones at $0.24-$0.25 and $0.30. Analysts see $0.50 as the next psychological target, with some predictions reaching as high as $1.40 based on logarithmic trend analysis.
The fund structure requires at least 80% of net assets to remain tied to Dogecoin while using derivatives for exposure management. This development represents a major milestone for meme coin legitimacy, following the path of Bitcoin and Ethereum ETFs in bringing crypto to mainstream investment vehicles.