First U.S. Dogecoin ETF Launches

Dogecoin just scored its biggest dose of institutional legitimacy yet. The DOJE ETF, the first U.S.-listed exchange-traded fund tracking the price of the memecoin, officially began trading Thursday under the ticker symbol DOJE, according to REX Shares and Osprey Funds.

What’s the Scoop?

• First Spot DOGE ETF: DOJE gives investors direct exposure to Dogecoin, joining a growing list of crypto ETFs now approved for U.S. markets. The fund may also hold other crypto ETF shares and derivatives.
• Filed Under the 1940 Act: Unlike other ETF filings by Grayscale or Bitwise (which used the 1933 Securities Act), REX and Osprey registered DOJE under the Investment Company Act of 1940. This structure allows for active management and mirrors the setup used in their SOL staking ETF launched in June.
• Double Launch Day: REX and Osprey also rolled out an XRP ETF (XRPR) using the same legal approach, cementing their first-mover advantage in regulated memecoin investment products.

Bankless Take:

It's been a big month for Dogecoin HODLers, who received their first digital asset treasury company and ETF listing in quick succession. While the reaction to its ETF listing has been muted, DOGE prices are already up 33% in the month of September.