REX Shares and Osprey Funds are preparing to launch the first ETF offering direct exposure to Dogecoin. Trading is expected to begin under the ticker DOJE as early as next week.
Details of the DOJE Fund
The DOJE fund will gain access to Dogecoin through a Cayman Islands-based subsidiary structured to meet strict compliance requirements of U.S. law.
REX and Osprey's Experience with ETFs
The firms are not newcomers to crypto ETFs. They recently brought a Solana staking fund to market, using legal frameworks under the Investment Company Act of 1940.
Launch Structure of the Dogecoin ETF
The 40 Act limits how U.S. investment funds can hold certain assets like commodities and derivatives. By creating an offshore subsidiary, ETF issuers can navigate those restrictions while still providing investors exposure to digital assets.
The launch of the Dogecoin ETF could mark a significant milestone for crypto investments in the U.S., with expected trading creating new opportunities for investors.
