Dogecoin ETF Launch Tomorrow May Kickstart Meme Coin ETF Era
A Dogecoin ETF (exchange-traded fund) is set to debut tomorrow, potentially ushering in a wave of meme coin ETFs in the US. The REX-Osprey Dogecoin ETF (DOJE) is expected to launch on Sept. 11, offering investors direct exposure to Dogecoin through a structure designed for faster SEC approval under the Investment Company Act of 1940 Act. Multiple other Dogecoin ETF applications are already under review by the Securities and Exchange Commission including filings from Bitwise, Grayscale and 21Shares. Canary has submitted a proposal for the PENGU ETF, which would provide indirect exposure to the Solana-based meme coin Pudgy Penguins (PENGU), while Tuttle Capital has filed for 2x leveraged ETFs for BONK, TRUMP and MELANIA meme coins. “Meme coin ETF era about to kick off it looks like with $DOJE slated for a Thursday launch,” said Bloomberg ETF analyst Eric Balchunas in a post on X. “Pretty sure this is first-ever US ETF to hold something that has no utility on p...