Dogecoin Bulls has waited a quoted background in the United States that tracks the volatile movements of Token prices, and could be as soon as this week.
The ETF REX-OSPREY DOGE, which cost him $ Doje, seems likely to be launched this week, according to the president of the ETF store, Nate Geraci. The product would offer investors direct exposure to Memecoin’s performance, which makes it the first of its kind in the US market.
The ETF is backed by the actions of Rex and the funds of fishermen eagles, the companies behind $ SSK, a Solana ETF that was held live earlier this year. $ Doje is being distributed by Foreside Fund Services LLC.
The measure would extend a series of ETFs linked to cryptographic after the approvals of the Spot Bitcoin and Ether products in 2024, and occurs when the emitters run to implement novel offers linked to tokens and alternative strategies. Doge’s profile as a “cultural” asset, fed for a long time by Elon Musk’s references and presence in social networks, makes it a natural candidate for an ETF product oriented to the retailer.
Market participants expect greater volatility around launch. “I think we are in the next 2 wild months for cryptographic ETFs,” Geraci in X said, noting that Dege could obtain speculative flows similar to other specific products.
Dege last quoted around 23 cents, 7% more on the last day and almost 15% in the week, exceeding the largest tokens such as Bitcoin and Ether.
In addition, this is not the first ETF related to Memecoin that is proposed for the US market. On August 26, Canary Capital Group presented to the SEC to launch an ETF spot that would maintain the Trump currency, a Solana token to the solena linked to President Donald Trump.
The merchants will monitor if a dux (or Trump) The ETF list attracts a new demand to the Memecoin sector or if the volumes remain concentrated in the existing exchange markets.
