Hassan Maishera
TL;DR
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Bloomberg ETF analyst Eric Balchunas has revealed that the Rex-Osprey Doge ETF (DOJE) will debut on Thursday.
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DOJE will be the first memecoin exchange-traded fund (ETF) in the United States.
DOJE to Become the First Memecoin ETF in the U.S.
Bloomberg ETF analyst Eric Balchunas has revealed that he Rex-Osprey Doge ETF (DOJE) is set to debut Thursday, making it the first memecoin ETF in the United States.
Meme coin ETF era about to kick off it looks like with $DOJE slated for a Thursday launch, albeit under the 40 Act a la $SSK. There's a big group of '33 Act-ers waiting for SEC approval still. Pretty sure this is first-ever US ETF to hold something that has no utility on purpose pic.twitter.com/BIcpu1zR4o
— Eric Balchunas (@EricBalchunas) September 9, 2025
This latest development comes a few days after the analysts at the potential launch under the Investment Company Act of 1940, which operates under a different framework from the Securities Act of 1933.
Dogecoin is currently the leading memecoin by market cap and is widely regarded as the first true memecoin. It has been around for over a decade, with a large investor community solidly behind the project.
The launch of the Rex-Osprey Doge ETF also comes as the U.S. Securities and Exchange Commission (SEC) is currently reviewing several altcoin ETF applications. Digital asset managers have applied for several altcoin ETFs, including XRP, Solana, Litecoin, Chainlink, SEI, SUI, and ADA. Bloomberg ETF analyst James Seyffart revealed last month that the SEC is currently reviewing 92 proposals. The applications came after the SEC approved spot Bitcoin and Ethereum ETFs a few months ago.
DOGE is currently up by less than 1% and is trading at $0.2387 per coin.
