The REX-Osprey Dogecoin ETF ($DOJE), the first-ever meme coin ETF, is scheduled to launch next week after a delay from its original Thursday debut date, as confirmed by Bloomberg ETF expert Eric Balchunas. The fund, filed under the 40 Act, will hold a combination of spot DOGE and other spot ETFs, potentially using derivatives, differing from 100% spot holdings like Bitcoin and Ethereum ETFs.
Dogecoin has already seen significant momentum ahead of the launch, rising nearly 4% in the past 24 hours with trading volume surging 23% to $4 billion. Over the past week, DOGE climbed 20.2%, testing key resistance at $0.26. Analysts note this could trigger a broader meme coin supercycle, allowing both retail and institutional investors to gain regulated exposure.
Despite Dogecoin's origins as a joke currency with no utility, Incyt CEO Mike Maloney argues it has attracted serious investors and engineers, with projects like DogeOS adding real utility. The ETF's approval is seen as a watershed moment for meme coins, with more DOGE ETFs under the 33 Act awaiting SEC approval.