Could America See Its First Dogecoin ETF in the Coming Days?

Dogecoin Climbs as First U.S. Spot ETF Nears Launch

Dogecoin (DOGE) gained 7% in the past 24 hours as momentum builds around the expected launch of the Rex-Osprey DOGE ETF ($DOJE), which could arrive as early as this week.

ETF Store president Nate Geraci said the product appears poised for approval, marking the first U.S.-listed fund to directly track Dogecoin’s price performance. The ETF is backed by REX Shares and Osprey Funds, with distribution handled by Foreside Fund Services LLC.

The potential debut comes on the heels of spot bitcoin and ether ETFs approved in 2024 and underscores issuers’ efforts to expand into alternative tokens. DOGE, long fueled by Elon Musk’s social media endorsements and retail enthusiasm, is seen as a strong candidate for a consumer-facing crypto fund.

Speculative interest is already picking up. “Think we’re in for a wild next 2 months for crypto ETFs,” Geraci said on X. DOGE was recently trading at $0.23, up 15% on the week and outpacing larger cryptocurrencies.

Separately, Canary Capital Group has filed with the SEC to launch a spot ETF tied to TRUMP Coin, a Solana-based token, highlighting growing demand for memecoin-related investment products.

Analysts say traders will be watching whether DOGE’s ETF debut attracts meaningful inflows or if trading volumes remain centered on crypto exchanges.