“It looks like Rex is going to launch a Dogecoin ETF next week,” said Eric Balchunas, a hedge fund specialist at Bloomberg Intelligence.

Their conclusion is based on a post on X by financial firm REX-Osprey, which states that “the REX-Osprey dogecoin ETF, DOJE, is coming soon.” It details: “DOJE will be the first ETF to offer investors exposure to the performance of the iconic memecoin, dogecoin.”

REX-Osprey filed a prospectus with the U.S. Securities and Exchange Commission (SEC) for the aforementioned ETF, which would track the price of DOGE futures contracts. The prospectus also mentions ETFs linked to XRP, BONK, TRUMP, as well as bitcoin (BTC), ether (ETH), and solana (SOL). However, Balchunas clarifies that "Dogecoin appears to be the next one to come out."

If this Dogecoin ETF were approved, and subsequently the cash ETFs that the SEC must review were also approved, it could be a major bullish driver for DOGE's price. The combination of Dogecoin ETFs and treasury companies could drive the memecoin's price to unprecedented levels.