BREAKING: Analyst Says Historic Moment Has Arrived – Dogecoin ETFs Could Launch Next Week

REX Shares and Osprey Funds are preparing to launch the first exchange-traded fund (ETF) that will offer direct access to Dogecoin. The REX-Osprey DOGE ETF could begin trading as early as next week, according to Bloomberg Intelligence analyst Eric Balchunas. The company filed a prospectus with the U.S. Securities and Exchange Commission (SEC) for its Dogecoin ETF, which will trade under the ticker “DOJE.” The filing also outlined plans for ETFs tied to XRP, BONK, TRUMP, BTC, ETH, and SOL. Balchunas shared on X, “Rex will most likely launch the Doge ETF under the 40 Act next week. Doge appears to be in the lead, but the prospectus also includes Trump, XRP, and Bonk, and there is a possibility that these will also appear in the future.” Related News: BREAKING: SEC Releases Update on Anticipated Altcoin Spot ETF The Investment Company Act of 1940, known as the 40 Act, aims to protect investors from conflicts of interest and fraud by regulating mutual funds. According to ETF Trends, ETFs that intend to invest in assets restricted under this law (such as commodities or derivatives) can invest through subsidiaries established in a different jurisdiction, such as the Cayman Islands. According to REX-Osprey's prospectus, the DOJE ETF will also adopt this structure. The fund will gain exposure to Dogecoin through the REX-Osprey DOGE (Cayman) Portfolio SP, established in the Cayman Islands. The document stated that the subsidiary's investment strategies and risks are part of the fund's strategy and risks. *This is not investment advice. Continue Reading: BREAKING: Analyst Says Historic Moment Has Arrived – Dogecoin ETFs Could Launch Next Week