TLDR Crypto · MARKETS & BUSINESS

COULD A DOGECOIN ETF BE LAUNCHED THIS WEEK?

coindesk.com6 min read

Summary from the TLDR Crypto newsletter

The Rex-Osprey DOGE ETF ($DOJE) is expected to launch this week, becoming the first U.S. exchange-traded fund to provide direct exposure to Dogecoin's price movements. The ETF is backed by REX Shares and Osprey Funds, the same firms behind the Solana staking ETF that launched earlier this year, and represents the latest expansion of crypto ETF offerings following the approval of spot Bitcoin and Ethereum products in 2024. DOGE has rallied 7% in the past 24 hours and 15% over the week in anticipation of the launch, outperforming major cryptocurrencies as market participants expect increased volatility and potential speculative inflows. The launch comes amid a broader race among issuers to create ETF products tied to alternative cryptocurrencies, with Canary Capital also recently filing for a TRUMP coin ETF in late August.