Dogecoin News: Dogecoin ETF Could Launch in the U.S. Next Week, Says Bloomberg Analyst

Key Takeaways:ETF issuer REX Shares has filed an effective prospectus with the SEC for a Dogecoin ETF.Bloomberg’s Eric Balchunas says the fund could launch as early as next week under the “40 Act” pathway.DOGE trades at $0.2129, up 116% year-on-year but down 54% from its December 2024 peak.First Dogecoin ETF Closer to RealityThe first-ever Dogecoin (DOGE) exchange-traded fund in the United States could launch as soon as next week, according to Bloomberg ETF analyst Eric Balchunas.Balchunas noted that ETF issuer REX Shares filed an effective prospectus with the U.S. Securities and Exchange Commission (SEC), paving the way for a DOGE ETF using the same regulatory route it previously applied for its Solana staking ETF ($SSK).“Looks like Rex is going to launch a Doge ETF via the 40 Act a la $SSK next week,” Balchunas wrote on X.The “Regulatory End-Around”Unlike most crypto ETF applications, which must go through the Form S-1 and Form 19b-4 process, REX is pursuing a 40 Act fund structure — a pathway some analysts have described as a “regulatory end-around.”This is the same approach that helped REX bring its Solana staking ETF to market earlier this year.While 21Shares, Bitwise, and Grayscale have also filed proposals for Dogecoin ETFs through the traditional process, those applications are still awaiting SEC decisions.In its filing, REX warned that “DOGE is a relatively new innovation and is subject to unique and substantial risks. The market for DOGE is subject to rapid price swings, changes and uncertainty.”Dogecoin’s Market PositionDogecoin has gained 116% in the past year, according to CoinMarketCap, though it remains 54% below its 2024 high of $0.4672 reached in December. At the time of writing, DOGE trades near $0.2129.Beyond its price moves, Dogecoin continues to capture mainstream media attention:Billionaire Elon Musk, who once dubbed himself the “Dogefather,” has been one of the most prominent figures linked to the memecoin.More recently, Musk’s attorney Alex Spiro was reported by Fortune to be chairing a new public company seeking to raise $200 million to invest in Dogecoin.If approved, the REX Shares fund would become the first U.S.-listed Dogecoin ETF, potentially opening the door to greater institutional inflows and mainstream adoption of the world’s largest memecoin.