The world’s most famous meme coin, Dogecoin, may soon receive its first ETF in the United States. Bloomberg analyst Eric Balchunas said that REX Shares is preparing to introduce a Dogecoin ETF through the 1940 Act mechanism. This is the same path the company recently used for its Solana staking ETF.
REX Shares has filed a prospectus with the SEC, which states the “high risks” of Dogecoin due to the price fluctuations and limited use cases. Much like Bitwise, Grayscale, and 21Shares, REX is going through the SEC process; however, its structure may allow it to be quicker. An approved ETF will be the first time U.S. investors will gain access to Dogecoin on a regulated exchange-traded fund. Retail access means investors would have exposure without needing to purchase or store tokens. For institutions, it would be adding liquidity and legitimacy, which may give DOGE resilience in the overall market.
Over the past year, Dogecoin price has increased by more than 116%, showing strong performance compared to many other digital assets. Even so, it remains about 54% below its December 2024 high of $0.4672. As of now, DOGE trades around $0.21.
Eric Balchunas noted, “Looks like REX is going to launch a Doge ETF via the 40 Act next week, based on how they just filed an effective prospectus.” His statement has added to the excitement across the crypto community.
REX Shares has also made other bold moves. The company recently filed for an ETF connected to the Official Trump token. In addition, reports say Elon Musk’s lawyer is working on a company that plans to raise about $200 million for Dogecoin-focused investments. These efforts highlight the growing attention DOGE is receiving on Wall Street.
Still, there are warnings. REX itself has reminded investors that DOGE is a “relatively new innovation” and is vulnerable to “rapid price swings.” Analysts also note that memecoins tend to fluctuate rapidly, often without apparent reason. That risk makes them very different from traditional assets.
Yet, the potential ETF could be a turning point. For years, Dogecoin was seen mainly as a joke or internet meme. The possible launch of an ETF for Dogecoin would give it an official place among regulated investment products. That step could attract new groups of investors who were previously hesitant.
If the fund launches next week, it could be a major milestone for both the crypto market and the memecoin sector. Institutional access through regulated products could increase volume and further raise the profile of DOGE.
Conclusion
The upcoming Dogecoin ETF could mark a new era for the memecoin. While high risks remain, institutional interest and SEC filings show that DOGE is being taken more seriously on Wall Street. If launched next week, this ETF could give Dogecoin a wider reach and stronger recognition among both retail and institutional investors.
