Dogecoin ETF Nears Possible U.S. Debut, DOGE Jumps 7%
Dogecoin (DOGE) gained 7% in the past day as speculation intensifies that a U.S.-listed spot ETF tied to the token could arrive this week.
The Rex-Osprey DOGE ETF (DOJE) appears on track for launch, according to ETF Store president Nate Geraci. The fund, backed by REX Shares and Osprey Funds and distributed by Foreside Fund Services LLC, would give investors direct exposure to Dogecoin’s price movements, making it the first product of its kind in the American market.
The push comes on the heels of spot bitcoin and ether ETF approvals in 2024, which opened the floodgates for new digital asset products. With its meme-driven appeal and pop-culture presence — boosted for years by Elon Musk — Dogecoin is seen as a natural candidate for a retail-focused fund.
Market watchers expect turbulence around the launch. “Think we’re in for a wild next 2 months for crypto ETFs,” Geraci wrote on X, suggesting DOGE could attract speculative inflows similar to earlier spot products.
At last check, DOGE traded near $0.23, up 15% on the week and outperforming bitcoin and ether.
Memecoin ETF filings are multiplying. On Aug. 26, Canary Capital Group submitted paperwork for a spot ETF that would hold TRUMP Coin, a Solana-based token linked to former President Donald Trump.
The key question for traders is whether a DOGE ETF will unlock new demand for memecoins or simply shift existing volumes within established exchanges.
