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Dogecoin ETF Expected to Debut Thursday in First U.S. Memecoin Fund

The Rex-Osprey fund is poised to list under the faster '40 Act route, signaling a new regulatory pathway for cultural tokens.

Overview

  • Bloomberg’s Eric Balchunas and ETF analyst Nate Geraci say the Rex‑Osprey DOGE ETF (ticker DOJE) is slated to launch Thursday, with distribution by Foreside Fund Services.
  • The product uses the Investment Company Act of 1940 structure, with the prospectus indicating roughly 80% exposure via instruments such as futures or swaps and a Cayman subsidiary under a C‑corp setup.
  • Prediction markets show high confidence in an imminent listing, with Polymarket odds reported around 91%–94% for approval or launch this week.
  • Dogecoin has rallied into the expected debut, rising about 7%–14% over the past week to roughly $0.24 as daily trading volumes jumped about 123% to around $2.6 billion and derivatives interest climbed.
  • The fund would be the first U.S. ETF centered on a token viewed as culture‑driven rather than utilitarian, with other DOGE and memecoin ETF filings still pending under the longer 1933 Act pathway.