The first Dogecoin ETF in the US could launch as early as next week: A new turning point for the cryptocurrency market under President Trump.
The first Dogecoin (Doge ) Exchange Traded Fund (ETF) could launch in the U.S. as early as next week, according to a new analysis by Bloomberg analyst Eric Balchunas. The move is believed to come from ETF issuer REX Shares , which filed its effective prospectus with the U.S. Securities and Exchange Commission (SEC).
Balchunas noted on social media X that REX is using the same “regulatory bypass strategy” it used to launch the Solana Staking ETF, a 40 Act legal route that differs from the traditional S-1 and 19b-4 filings that many other ETF issuers are still waiting for SEC approval for.
In its whitepaper, REX warns that Dogecoin is a “new, risky, and highly volatile” asset. In fact, over the past 12 months, Dogecoin has increased by 116.67% , peaking at $0.4672 in December 2024. However, as of now, Doge is trading around $0.2129 , down more than 54% from its peak.
This is not the first time Dogecoin has been the focus of Wall Street finance. This coin , which originated as an internet joke, has repeatedly "made waves" thanks to its strong community, especially with the public support of technology billionaires and politicians. The appearance of an official Dogecoin ETF in the US would mark an important step, paving the way for Doge to reach institutional investors and larger Capital flows.
While big names like 21Shares, Bitwise, and Grayscale are patiently waiting for SEC approval through the traditional route, REX is taking a shortcut, a strategy that Nate Geraci, president of the ETF Store, calls a “smart regulatory bypass.”
