Key Takeaways:
- REX Shares may launch the first U.S. Dogecoin ETF next week via the 40 Act, bypassing traditional SEC channels.
- Dogecoin is up 116.67% over the past year but remains 54% below its December 2024 peak.
- Elon Musk continues to be a prominent supporter, with legal and financial ties to new Dogecoin investment initiatives.
The first U.S. exchange-traded fund (ETF) tied to Dogecoin could launch as early as next week, according to Bloomberg analyst Eric Balchunas.
ETF issuer REX Shares recently filed an effective prospectus with the Securities and Exchange Commission (SEC), signaling its intent to proceed.
Looks like Rex is going to launch a Doge ETF via the 40 Act a la $SSK next week based on below tweet combined w how they just filed an effective prospectus. Doge looks like first one to go out, but the pros also includes on there are Trump, XRP and Bonk so poss those too at some… https://t.co/svyAFLB8Q3
— Eric Balchunas (@EricBalchunas) September 4, 2025
Unlike most crypto ETF applicants, which use the traditional Form S-1 and 19b-4 filings, REX is pursuing approval under the Investment Company Act of 1940 (“40 Act”).
This alternative route was previously used by REX to bring its Solana staking ETF to market and has been described by ETF Store president Nate Geraci as “a regulatory end-around.”
The filing underscores the risks of Dogecoin, citing its volatility and unpredictable price movements.
Over the past year, DOGE has risen 116.67%, though it remains down 54% from its December 2024 peak.
Other firms, including 21Shares, Bitwise, and Grayscale, are still awaiting SEC decisions on Dogecoin ETF proposals. REX has also filed for an ETF linked to the OFFICIAL TRUMP token.
Dogecoin’s strong media presence, bolstered by Elon Musk’s influence, continues to sustain its recognition beyond the crypto community.
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