First Dogecoin ETF May Launch Next Week, Altcoin Season Already Underway, Bloomberg Analysts Say
The first Dogecoin ETF could debut as early as next week, said Bloomberg analysts, adding that the possible launch comes with a new altcoin season already underway. In an X post , Bloomberg ETF (exchange-traded fund) analyst Eric Balchunas noted that REX Shares has filed an effective prospectus with the US Securities and Exchange Commission (SEC), which could lead to the launch of a DOGE ETF under the Investment Company Act of 1940. That same structure was used by REX to roll out a Solana staking ETF earlier this year, enabling it to launch a SOL fund ahead of its competitors. Unlike spot crypto ETFs that are filed under Form S-1 and 19b-4, the Investment Company Act of 1940 takes an alternative route. This lets REX Shares avoid some of the delays facing traditional crypto funds, which could lead to a decision only being given after 240 days. If approved, the REX-Osprey DOGE ETF will trade under the ticker “$DOGE,” and will track the performance of the largest meme...