REX Shares takes the same route it used for Solana ETF approval
The U.S. could soon see the launch of its first-ever Dogecoin exchange-traded fund (ETF) as early as next week, according to Bloomberg senior ETF analyst Eric Balchunas.
Balchunas pointed to a new filing by REX Shares, an ETF issuer that recently launched a Solana staking ETF, suggesting that the company is now using the same regulatory strategy for a Dogecoin fund.
Regulatory filing signals imminent approval
On Thursday, REX Shares filed an effective prospectus with the U.S. Securities and Exchange Commission (SEC). In the document, the firm highlighted the risks tied to Dogecoin (DOGE), calling it “a relatively new innovation” subject to rapid price swings and uncertainty.
Unlike traditional crypto ETFs, which require filing Form S-1 and Form 19b-4, REX is pursuing a 40 Act fund structure. This approach has been described by ETF Store president Nate Geraci as a “regulatory end-around”, making it easier to launch without waiting for lengthy SEC reviews.
Over the past year, Dogecoin has surged 116%, climbing to around $0.2145. However, it remains 54% below its 2024 peak of $0.4672 in December. At the time of writing, DOGE trades near $0.2129, showing both resilience and volatility—two factors the SEC has repeatedly flagged as investor risks.
Competing ETF filings
REX is not the only firm racing to bring a Dogecoin ETF to market. In April, 21Shares, Bitwise, and Grayscale submitted applications for similar products, though these are still awaiting SEC decisions under the traditional approval pathway.
Meanwhile, REX has also filed for a TRUMP token ETF, which would track shares of an offshore company holding the politically themed cryptocurrency.
Dogecoin’s mainstream appeal
Dogecoin continues to hold a unique spot in crypto culture. Its meme origins, mainstream coverage, and high-profile endorsements—most notably from Elon Musk, who once dubbed himself the “Dogefather”—have kept it in the public eye.
More recently, Musk’s attorney Alex Spiro was reported to be leading a $200 million Dogecoin-focused investment vehicle, signaling growing institutional interest.
If approved, the Dogecoin ETF would mark a new milestone in crypto’s evolution, giving retail and institutional investors a regulated way to gain exposure to the world’s most famous meme coin.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
