Speculation surrounding the Dogecoin (DOGE) exchange-traded fund (ETF) has intensified, drawing market analysts' attention to a possible launch in the coming weeks.
All Eyes On Dogecoin ETF
Market analysts, including Bloomberg's senior ETF analyst Eric Balchunas, suggest that a Dogecoin ETF could potentially launch as soon as next week. REX Shares aims to launch the fund under the ticker DOJE, similar to its approach with Solana. The prospectus emphasizes that DOGE is an innovation subject to unique risks and significant price volatility.
Regulatory Approach by REX
REX employs a unique regulatory strategy described as a 'regulatory end-around,' differing from the traditional ETF registration process. This approach was also used in launching the Solana ETF. Other companies, like Grayscale and 21Shares, are still waiting for the SEC's decisions on their DOGE-related ETF filings.
Market Analysis of Dogecoin
Dogecoin has demonstrated significant growth over the past year but continues to lag behind its historical highs. According to CoinGecko, DOGE has increased by 121% over the past year. However, it remains 50% below its 2024 peak and 70.4% below its all-time high of $0.7316 set in May 2021.
The potential launch of a Dogecoin ETF may present new opportunities for investors, despite its volatility and associated risks. Market watchers will closely follow the developments.
