Dogecoin Jumps as U.S. Spot ETF Debut Looms
Dogecoin (DOGE) rallied 7% over the past day as speculation intensifies that the first U.S.-listed exchange-traded fund tracking the meme-inspired token could launch this week.
The Rex-Osprey DOGE ETF (ticker: $DOJE) is expected to roll out within days, according to ETF Store president Nate Geraci. The product, backed by REX Shares and Osprey Funds and distributed by Foreside Fund Services LLC, would give investors direct exposure to DOGE’s price moves — a first for the U.S. market.
The ETF would follow the wave of approvals for spot bitcoin and ether funds in 2024, expanding the lineup of regulated crypto investment products. DOGE’s unique profile as a retail-driven, culturally resonant token — boosted by high-profile endorsements from Elon Musk — has made it a natural contender for such a listing.
Market watchers expect significant price swings around launch. “Think we’re in for a wild next 2 months for crypto ETFs,” Geraci said on X, suggesting DOGE could attract speculative inflows similar to other spot products.
DOGE was recently trading at $0.23, marking a 15% weekly gain and outperforming bitcoin and ether.
Meanwhile, Canary Capital Group has separately filed with the SEC to introduce a spot ETF tied to TRUMP Coin, a Solana-based memecoin linked to former President Donald Trump. The filing highlights growing issuer interest in bringing meme tokens into mainstream investment channels.
Whether DOGE’s ETF debut generates sustained institutional inflows or remains primarily a retail-driven trade will be a key test for the memecoin sector.
