REX Shares has teased the upcoming launch of the first U.S. spot Dogecoin ETF under the ticker DOJE, positioning it as a milestone in memecoin investment products. Teased via an X post on September 3, 2025, the REX-Osprey™ DOGE ETF forms part of the ETF Opportunities Trust umbrella, which previously included Bitcoin, Ethereum, Solana, XRP, BONK, and TRUMP-token funds.
The DOGE fund employs a ‘40-Act open-end trust framework, allowing it to list without requiring an exchange rule change under the Securities Exchange Act. This structure leverages a post-effective amendment (Form 485(a)) and generic ETF listing standards. The prospectus specifies that at least 80% of assets will be allocated to Dogecoin or instruments providing DOGE exposure, including derivatives such as futures and swaps. A wholly owned Cayman Islands subsidiary will hold certain positions, with the parent ETF’s investment in the sub capped at 25% to maintain regulated investment company tax treatment.
This approach parallels the strategy used for the REX-Osprey Solana + Staking ETF, which listed in July 2025, combining native staking yield capture with a ‘40-Act fund chassis. However, Dogecoin’s proof-of-work design precludes staking rewards, shifting the focus to direct price performance replication. REX’s timeline suggests effective registration and exchange acceptance of the listing are the remaining steps before trading can commence.
Market watchers note that conventional spot DOGE ETP applications, such as those by Bitwise and 21Shares, await 19b-4 approvals, which can delay listing. REX’s ‘40-Act path may enable it to debut DOJE ahead of commodity-based grantor trusts, provided the SEC allows the registration to become effective and a U.S. exchange approves the listing. As of press time, Dogecoin trades near $0.2165, and investors are monitoring updates on the prospectus and listing status for indications of launch timing.
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