Dogecoin (DOGE) is about to experience a historic moment. An exchange-traded fund (ETF) based on the memecoin is expected to launch in the United States this Thursday.
The Rex-Osprey DOGE will be managed by investment firms REX Shares and Osprey Funds and will track the price of DOGE futures contracts. It will be traded under the ticker DOJE.
On this subject, Bloomberg Intelligence analyst Eric Balchunas said: “It appears the era of meme coin ETFs is about to begin, with the DOJE launch slated for Thursday.”
This is because this will be the first memecoin ETF to enter the traditional stock market, which could pave the way for a new era of institutional adoption. After the news broke, DOGE 's price jumped from $0.23 to $0.24, representing a 4% increase, as seen in the following chart:
DOGE price over the past 7 days. Source: CoinMarketCap.
It's worth noting that an exchange-traded product (ETP) based on the longest-running and most valuable memecoin in the cryptocurrency market already exists in Europe. This is Valor Dogecoin SEK, which has been listed on the Swedish Spotlight Stock Exchange since November 2024.
