The Dogecoin Bulls has long been waiting for a funds exchanged by the US exchange that monitors the volatile movement of the token price, and it may be as soon as possible.
The Rex-Ocey Doge ETF, which is the $ doje, will appear to be launched this week, According to ETF Store President Nate Geraci. The product will offer investors direct exposure to memecoin performance, making it first in its type in the US market.
ETF is Na -back by rex shares and osprey fundsThe companies behind $ SSK, a Solana Staking ETF who lived earlier this year. The $ doje is distributed by Foreside Fund Services LLC.
The move will expand a operation of ETFs associated with crypto following the approval of Bitcoin and Ether products in 2024, and will come as a breed of Issuers to launch novel offerings tied to alternative tokens and techniques. DOGE’s profile as a “culture” possession, which has long been fueled by the references of Elon Musk and the presence of social media, is making a natural candidate for an ETF-facing product.
Participants in the market expect increased volatility in the launch. “Imagine that we were for a wild next 2 months for Crypto ETFs,” Geraci told X, who signed that the Doge could pull the speculation -aware flows similar to other products area.
The DOGE last exchanged around 23 cents, up to 7% on the previous day and almost 15% on the week, which further changes a larger tokens such as Bitcoin and Ether.
Also, this is not the first ETF related to Memecoin suggested for the US market. On August 26th, Canary Capital Group Filed in Sec To launch an ETF area to hold Trump’s coin, a Solana-based token linked to President Donald Trump.
Entrepreneurs will track if a dog (or Trump) The ETF list is getting new demand in the Memecoin sector or if volumes remain concentrated in existing exchange markets.
