US investors will get a new, regulated way to gain exposure to Dogecoin when the DOJE ETF launches this Thursday. The fund, created by REX Shares and Osprey Funds, will track the popular memecoin’s performance.
Notably, this product takes a different structure than recently approved spot Bitcoin ETFs. It operates under the Investment Company Act of 1940, which mandates specific investor protections, and will hold its underlying Dogecoin through a subsidiary.
The launch proceeds despite the SEC hitting the pause button on a competing Dogecoin ETF proposal from Bitwise earlier this week.
