The first meme coin exchange-traded fund (ETF) in the United States will debut on Thursday, marking the latest step in the expansion of regulated cryptocurrency products following the successful launch of Bitcoin and Ethereum funds last year.
Bloomberg ETF analyst Eric Balchunas stated in a social media post on Tuesday that the Rex-Osprey Dogecoin ETF (DOJE) will make its debut on Thursday.
"I’m pretty sure this is the first ETF in the U.S. that holds assets with no utility or purpose," Balchunas said.
Balchunas hinted last week at a potential launch under the Investment Company Act of 1940—different from the Securities Act of 1933, which typically governs grantor trusts that hold physical commodities or derivatives.
Dogecoin (DOGE) rose ahead of the approval, climbing nearly 13% over the past week according to CoinMarketCap data.
Dogecoin is widely regarded as the first true meme coin, having traded for over a decade, building a large investor community, and inspiring countless imitators that reflect different aspects of crypto culture. Today, it has a market capitalization of $36 billion.
Its inclusion in the ETF highlights the growing recognition that even meme coins can attract institutional interest—albeit primarily for speculative purposes.
As the SEC approves the Rex-Osprey Dogecoin ETF, the regulator is weighing dozens of other exchange-traded products focused on cryptocurrencies, covering assets from Dogecoin to Solana (SOL) and Ripple (XRP). Bloomberg ETF analyst James Seyffart noted last month that there are currently 92 such proposals in the works.
The first wave of cryptocurrency ETFs focused on Bitcoin (BTC) and Ethereum (ETH). The anticipated launch of a spot Bitcoin ETF in early 2024 is particularly noteworthy, attracting tens of billions of dollars in inflows, ranking among the most successful ETF launches in history. After a slow start, demand for Ethereum funds has also significantly increased this year.
The expected new wave of cryptocurrency ETFs stems from a shift in the SEC's attitude toward digital assets under former President Trump. In addition to expressing support for tokenization as a financial innovation, the agency clarified that certain liquid staking activities do not fall under the scope of securities laws.
Related: Fintech company Eightco surges 3000% due to plans to acquire Worldcoin
Original article: “Bloomberg Analyst: The First Dogecoin (DOGE) ETF in the U.S. Will Start Trading on Thursday”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
