First Dogecoin ETF Already Has Launch Date
Dogecoin (DOGE) is about to experience a historic moment. An exchange-traded fund (ETF) based on memecoin is expected to hit the market in the United States this Thursday.
The Rex-Osprey DOGE will be managed by investment firms REX Shares and Osprey Funds and will track the price of DOGE futures contracts, as reported by CriptoNoticias. It will be traded under the ticker DOJE.
In this regard, Eric Balchunas, an analyst at Bloomberg Intelligence, said: “It seems that the era of meme coin ETFs is about to begin, with the launch of DOJE scheduled for Thursday.”
This is because this will be the first memecoin ETF to land on the traditional stock market, which could open the doors to a new stage in terms of institutional adoption.
After the news broke, DOGE’s price went from $0.23 to $0.24, representing a 4% rise.
It should be noted that in Europe, there is already an exchange-traded product (ETP) based on the longest-lived and most valuable memecoin in the cryptocurrency market. This is the Dogecoin SEK Security, which has been listed on Sweden’s Spotlight Stock Market since November 2024.
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