The first funds exchanged by the Dogecoin Exchange may be launched in the United States early next week, according to Bloomberg’s analyst Eric Balchunas.
“Rex seems to be launching a Doge ETF by 40 Act A La $ SSK next week based below the tweet combined W just how they filed an effective prospectus,” Balchunas Says In an X post on Thursday, teaching the exchange of exchanged funds (ETF) sharing the REX shares the filing of a prospectus with the US Securities and Exchange Commission (SEC).
In the prospectus FileRex warns that “Doge is relatively new and is subject to unique and great risk. The market for Doge is subject to rapid swings, change and uncertainty.”
In the past year, Dogecoin (Doge) has climbed to 116.67%, According to In coinmarketcap. However, it dropped by 54% from 2024 high $ 0.4672 in December, trading at $ 0.2129 at the time of publication.
Rex is taking a “regulation end-around” path
Most Crypto ETFs require Issuers to file form S-1 and Form 19B-4 with the SEC, while a 40 Fund Fund follows another route and the same as Rex’s sharing strategy used to launch it Solana staking ETF.
ETF store president Nate Geraci is previusly described The 40 act strategy as “an end-around regulation.”
ETF providers pursuing the traditional route are still awaiting decisions from Sec. On April 10, the 21shares submitted a submission of the filing To launch a Dogecoin ETFShortly after similar applications from Rivals Bitwise and Grayscale.
Meanwhile, Rex also filed for an ETF that monitors the official Trump (Trump) Under 40 laws, which will buy shares at an offshore company holding a token.
Dogecoin continues to attract major media attention in recent years
Although those who have not yet invested in crypto are likely to be familiar with Dogecoin, who has gained the attention of the main for many years.
Related: Bitcoin Bear Market Due to October with $ 50K Bottom Target: Review
Billionaire Elon Musk has long been related to the coin, even referring to himself as “Dogefather” and called the token “a haste” during the 2021 look On Saturday Night Live.
Most recently -only, Musk’s lawyer Alex Spiro, Fortune reported to lead a new public company aimed at raising $ 200 million to invest in Dogecoin.
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