First Dogecoin ETF Set to Launch in the U.S. This Week

Dogecoin enters the ETF landscape

Dogecoin, the original memecoin that began as an internet joke, is poised to take a major step toward institutional legitimacy. The Rex-Osprey DOGE ETF ($DOJE) is expected to launch this week, becoming the first Dogecoin ETF in the United States. The product will trade under the Investment Company Act of 1940, the same regulatory framework used by other crypto ETFs such as the Solana staking ETF ($SSK).

Meme coin ETF era about to kick off it looks like with $DOJE slated for a Thursday launch, albeit under the 40 Act a la $SSK. There’s a big group of ’33 Act-ers waiting for SEC approval still. Pretty sure this is first-ever US ETF to hold something that has no utility on purpose pic.twitter.com/BIcpu1zR4o

— Eric Balchunas (@EricBalchunas) September 9, 2025

The fund is backed by REX Shares and Osprey Funds and will be distributed by Foreside Fund Services. According to Bloomberg ETF analyst Eric Balchunas, the launch represents a significant milestone, as it is the first U.S. ETF tied to a crypto asset with no stated utility beyond speculation and.

ETF Store President Nate Geraci highlighted the development on X, describing it as a “historic moment” for Dogecoin and hinting at an eventful period ahead for crypto ETFs in general. Meanwhile, Dogecoin has surged over 15% in the past week amid investor anticipation.

Broader implications for memecoins and crypto ETFs

The DOGE ETF enters the scene as several other memecoin-related products await regulatory approval. Canary Capital Group, for example, recently filed for a spot ETF linked to TRUMP, a Solana-based token associated with U.S. president Donald Trump.

Polymarket bettors are highly optimistic about the future of memecoin ETFs, assigning a 94% probability that a spot Dogecoin ETF will launch in 2025. Grayscale has also filed to convert its existing Dogecoin Trust into a spot ETF, with a decision expected by mid-October.

Image source: Polymarket

While it’s uncertain whether the launch of $DOJE will significantly shift liquidity away from centralized exchanges, the move clearly reflects the ongoing institutionalization of memecoins. What was once a niche internet phenomenon is increasingly becoming a part of mainstream financial products.

The coming weeks will be closely watched by investors and analysts alike to gauge how the market responds and whether this ETF can attract significant inflows. Regardless of the outcome, the debut of the Dogecoin ETF marks a pivotal moment in the evolution of crypto markets.