- A Bloomberg analyst suggests a Dogecoin ETF could debut in the US this week through issuer REX Shares.
- The move comes amid rising institutional support, including a $200 million Dogecoin Treasury initiative backed by key industry figures.
According to Bloomberg ETF analyst Eric Balchunas, REX Shares has filed an effective prospectus with the US Securities and Exchange Commission (SEC) that could open the door for the launch of its first Dogecoin ETF under the Investment Company Act of 1940, mostly referred to as the “40 Act.”
If approved, the fund could commence trading as early as next week, marking a new chapter for the meme-born token that has steadily grown into a serious investment option.
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
Dogecoin ETF Under 40 Act Rules: Breaking from the Old Model
Unlike spot Bitcoin and Ethereum ETF filings, which undergo lengthy SEC reviews under Form S-1 and 19b-4, 40 Act ETFs operate through a distinct legal framework that tends to avoid major regulatory bottlenecks. Nate Geraci, President of the ETF Store, has described the approach as a “regulatory end-around,” allowing issuers like REX to move faster while still maintaining SEC oversight.
BIG NEWS: @REXShares just filed an effective prospectus for Solana and Ethereum staking ETFs to list here in the US. Don’t know launch date but could be within the next few weeks. These are 40-act funds with a unique structure and do not go through the 19b-4 process pic.twitter.com/cqUCWlFAZW
— James Seyffart (@JSeyff) May 30, 2025
The filing, however, didn’t gloss over risks. REX clearly outlined Dogecoin’s volatility, warning prospective investors about its history of rapid price swings and market unpredictability. Despite this, DOGE’s track record shows resilience.
Over the past year, the cryptocurrency has climbed more than 116%, though it currently trades around $0.2129, far below its December 2024 high of $0.4672.
Growing Institutional Support Signals a New Phase for Dogecoin Adoption
Earlier this year, firms like 21Shares, Grayscale, and Bitwise submitted their own Dogecoin ETF proposals, still awaiting SEC review. Meanwhile, new institutional activity around DOGE suggests the coin is catching serious attention. CleanCore Solutions recently partnered with House of Doge to launch the first institutional treasury for the token, raising $175 million through a private placement on the NYSE.
Momentum also picked up last week when a $200 million Dogecoin Treasury initiative backed by Elon Musk’s lawyer, Alex Spiro, helped DOGE rebound from the $0.21 support level. Trading volume surged 45% to $2.58 billion, showing renewed interest from both retail and professional investors.
At the time of writing, DOGE was trading at $0.21, a slight 0.13% increase in the last 24 hours. It boasts a circulating supply of 150.81B DOGE.
