On September 9, 2025, the REX-Osprey Dogecoin ETF (DOJE) launched as the first U.S. ETF offering regulated exposure to Dogecoin. This launch is a significant event in the cryptocurrency market.
First Dogecoin ETF Offers Direct Market Exposure
The REX-Osprey Dogecoin ETF (DOJE) is the first ETF in the U.S. directly connected to Dogecoin. Established by REX Shares and Osprey Funds, it complies with the Investment Company Act of 1940. ETF analyst Eric Balchunas noted the launch as a new phase for memecoin ETFs. Nate Geraci from The ETF Store emphasized that the ETF expands access to Dogecoin for both retail and institutional investors. The ETF launch provides regulated, direct exposure to Dogecoin, previously considered speculative. The launch strategy employs a Cayman subsidiary for tax purposes.
Dogecoin's Market Response to ETF Launch
The ETF launch has attracted significant attention from investors. As of launch, Dogecoin (DOGE) is priced at $0.24, showing a 4.01% increase over the past 24 hours. The market capitalization stands at $36.64 billion, with a 24-hour trading volume of $3.78 billion. Over the past 90 days, the price increased by 22.01%, according to CoinMarketCap data. The market has already demonstrated high expectations regarding the ETF's impact on Dogecoin.
Historical Parallels with Other Cryptocurrency ETFs
The launch of the Spot Bitcoin ETF in January 2024 significantly increased institutional access and led to a short-term price surge. DOJE's launch suggests a parallel potential for Dogecoin within crypto markets, marking another evolution in crypto mainstream adoption. The Coincu research team highlights the transformative impact DOJE's launch could have on Dogecoin's reputation, shifting it from a purely speculative asset to a viable investment option. Historically, similar ETF launches for Bitcoin and Ethereum provoked sustained market interest, suggesting a potential parallel for Dogecoin.
The launch of the first Dogecoin ETF opens new horizons for investors and could lead to significant changes in the perception of Dogecoin as an investment asset. This event illustrates the growing interest in memecoins and cryptocurrencies in general.
