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Dogecoin ETF Expected to Debut Thursday via Fast-Track ’40 Act’ Structure

The REX‑Osprey fund would offer indirect exposure through DOGE instruments and derivatives, moving ahead of slower 1933‑Act spot filings still under SEC review.

Overview

  • ETF analysts Nate Geraci and Eric Balchunas say the DOJE fund is slated for Sept. 11, with prediction markets assigning roughly 91–94% odds of a near‑term listing.
  • Dogecoin is trading around $0.24–$0.25 after a 7–14% weekly jump on heavy volume, and traders warn of heightened launch‑week volatility with leveraged positions clustered between $0.22 and $0.26.
  • Fund materials indicate about 80% of assets will be allocated to Dogecoin instruments, including futures or swaps, via a Cayman subsidiary, with Foreside Fund Services as distributor.
  • Balchunas characterizes DOJE as the first U.S. ETF focused on a memecoin “with no utility on purpose,” a step some see as the opening of a broader memecoin ETF phase.
  • A competing Bitwise spot DOGE filing remains under extended SEC review into November, while CleanCore Solutions disclosed a 285.4 million DOGE purchase and said it plans further accumulation.