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Rex and Osprey File for First Dogecoin ETF, With XRP, and other Funds on the Radar
- Rex Shares and Osprey Funds have submitted a prospectus to the SEC for the REX-Osprey DOGE ETF (ticker: DOJE), which could launch as early as next week.
- The asset managers also outlined potential funds for various digital assets including XRP, BONK and TRUMP, alongside established cryptocurrencies like Bitcoin and Ethereum.
- The SEC under Chairman Paul Atkins has adopted a more open stance towards digital asset products, with over 90 crypto ETF applications currently awaiting review.
- Despite ETF excitement, Dogecoin trades at around US$0.2145, down 2% on the day, though maintaining a market capitalisation of approximately US$32 billion.
Rex Shares and Osprey Funds have submitted a prospectus to the US Securities and Exchange Commission (SEC) for the REX-Osprey DOGE exchange-traded fund (ETF), which is set to trade under the ticker DOJE.
If approved, the product could be listed as early as next week, marking one of the first ETFs to provide direct exposure to Dogecoin (DOGE).
Bloomberg ETF guru Eric Balchunas said DOJE could be the “first one to go out”, but said other funds could be approved “too at some point”.
Related: Ripple Expands RLUSD Stablecoin to Africa Through New Institutional Partnerships
Going Further than DOGE
Though efforts go beyond Dogecoin, outlining possible funds tied to other digital assets including XRP, BONK and TRUMP, as well as more established names like Bitcoin, Ethereum and Solana.
This move builds on the companies’ earlier ventures, such as the launch of their Solana staking ETF in June, which made use of legal structures to satisfy US regulatory requirements while still offering exposure to complex crypto assets.
The submission falls under the Investment Company Act of 1940, a key piece of US legislation designed to protect investors by setting strict rules around pooled investment vehicles.
Under this framework, funds sometimes use offshore subsidiaries – often registered in the Cayman Islands – to gain access to assets that would otherwise be restricted under the Act.
In fact, the DOJE fund itself plans to use a Cayman Islands subsidiary, named the REX-Osprey DOGE (Cayman) Portfolio S.P., to achieve exposure to Dogecoin while remaining compliant with US law.
SEC Attitude on Crypto Changing under New Chair
The renewed push for crypto ETFs comes at a time when the SEC, under Chairman Paul Atkins, has signalled a more open stance toward digital asset products.
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In recent months, the agency has allowed applications for spot Bitcoin and Ethereum ETFs, alongside options trading for certain crypto products. With over 90 digital-asset ETF applications awaiting review, competition is heating up: Grayscale and Bitwise are among the other firms actively pursuing Dogecoin-related funds.
Related: Tapping Into Crypto with Ben Simpson: Simple Strategies for Long-Term Wealth
Despite the excitement around new investment vehicles, Dogecoin’s price has not reflected the same optimism.
At the time of publication, the token was trading around US$0.2145 (AU$0.3285), down roughly 2% on the day, though it still holds a market capitalisation of about US$32 billion (AU$49 billion).
For investors, the DOJE ETF could represent a new route to exposure – offering a regulated alternative to holding the meme-inspired crypto directly.
Author
Aaron Feuerstein
Aaron Feuerstein is a freelance writer based in Melbourne. His focus is on decentralised finance and the regulatory space surrounding blockchain. He holds a Master's in Accounting. When he is not studying the latest legal case, he enjoys his time as a modest but eager hobby cook.
