After Bitcoin and Ethereum, altcoins such as XRP and Solana (SOL) are also expected to receive spot ETF approval from the SEC.
While September and October are being pointed to at this point, Bloomberg analyst Eric Balchunas has given an exact date for Dogecoin (DOGE).
Accordingly, Bloomberg ETF analyst Eric Balchunas said that RexShares’ spot Dogecoin ETF will be launched on the 11th.
The fund relies on the Investment Company Act of 1940, which provides for automatic approval approximately 75 days after application, unless there are special circumstances.
“The meme coin ETF era appears to be about to begin; DOJE is scheduled to launch on Thursday, but under Law 40, like SSK.
There’s still a large group of Act ’33 members waiting for SEC approval. I’m pretty sure this is the first U.S. ETF that knowingly holds something it doesn’t benefit from.”
While Eric Balchunas is quite confident about the DOGE ETF, Santiment analyst Brian Q. made a bold prediction for the soon-to-be-launched Rex-Osprey Dogecoin ETF.
In his latest analysis, Brian wrote that the REX-Osprey Dogecoin ETF, codenamed DOJE, will soon receive approval to launch. He claimed there was a 93% chance of approval this week.
*This is not investment advice.