Dogecoin ETF Set to Launch Next Week in U.S.

REX Shares and Osprey Funds filed with the SEC to launch the first U.S. Dogecoin spot ETF, targeting a market debut next week, leveraging a Cayman Islands subsidiary.

The ETF could significantly impact Dogecoin’s market dynamics, drawing institutional interest and potentially increasing liquidity, similar to historical effects seen with other cryptocurrency ETFs.

REX Shares and Osprey Funds have filed to launch the first Dogecoin spot ETF in the U.S., potentially debuting next week.

This launch signifies a milestone for meme coins, possibly influencing the crypto market’s dynamics and investor interest.

REX and Osprey Advance with Dogecoin ETF Filing

REX Shares and Osprey Funds aim to release the first U.S. Dogecoin ETF. The fund leverages a Cayman Islands subsidiary to attain DOGE exposure efficiently. The filing with the SEC marks another step by REX and Osprey to extend their crypto ETF portfolio, including products for XRP and BTC. Eric Balchunas, Senior ETF Analyst at Bloomberg, commented on the filing, saying:

“Rex has filed an effective prospectus for a Dogecoin (DOGE) exchange-traded fund structured under the Investment Company Act of 1940 and is targeting a launch next week.”

Institutional Access to Dogecoin Expected to Surge

Market enthusiasts anticipate significant financial flows as the ETF might enhance institutional access to Dogecoin. Community discussions signal mixed yet hopeful reactions. The use of a Cayman Islands subsidiary showcases strategies to bypass traditional regulatory barriers, potentially altering ETF structures across the sector.

Potential Market Shifts Similar to Solana ETF Launch

Similar to the launch of Solana’s ETF, which increased spot volumes, this event could initiate volatile market responses for Dogecoin. Eric Balchunas on Twitter

Eric Balchunas suggests the move could lead to increased liquidity, akin to previous crypto ETF launches, based on historical data trends.

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