Dogecoin ETF Poised for U.S. Debut on Thursday

Wall Street Prepares for First U.S. Dogecoin ETF Launch
September 9, 2025

Dogecoin, the cryptocurrency that began as a joke, is poised to take a major step into mainstream finance with the launch of the Rex-Osprey DOGE ETF ($DOJE) later this week. Filed under the Investment Company Act of 1940, the fund will be the first U.S. exchange-traded product tied to a token best known for community and culture rather than technical utility.

“This marks a turning point,” said Jordan Jefferson, CEO of DogeOS and MyDoge. “When pension funds are buying an asset that started as a meme, it shows that Wall Street has recognized the real value of community, culture, and accessibility.”

The ETF will be distributed by Foreside Fund Services and sponsored by REX Shares and Osprey Funds, the same group behind the Solana Staking ETF ($SSK) earlier this year. Expectations around the launch have already lifted Dogecoin prices, with the token up 17% in the past week.

Bloomberg’s Eric Balchunas noted in an X post that the DOGE ETF is the first U.S. product structured around a token whose popularity stems from its cultural footprint rather than functionality.

Supporters argue that institutional inflows could bring fresh liquidity and legitimacy to the asset. “Institutional capital entering DOGE provides a foundation for growth as the ecosystem expands through apps, games, and platforms like DogeOS,” Jefferson added.

The DOGE ETF also comes as other memecoins seek regulated listings. Canary Capital Group recently filed for a spot ETF tied to TRUMP Coin, a Solana-based token linked to former President Donald Trump. While most memecoin ETF applications remain pending under the 1933 Act, $DOJE will move forward under the 1940 Act, giving it a faster path to market.

Whether inflows prove meaningful remains to be seen, but the listing underscores a broader trend: memecoins are increasingly being wrapped in regulated financial products, a development few expected when Dogecoin first emerged more than a decade ago.