Institutional Investors to Gain Access to Dogecoin (DOGE) Through REX Shares' Forthcoming ETF

REX Shares is set to launch the first-ever exchange-traded fund (ETF) offering direct exposure to Dogecoin (DOGE), providing both retail and institutional investors with access to the popular cryptocurrency via traditional markets. The REX-Osprey DOGE ETF, which could launch as early as next week, follows the model of REX's recently launched SSK, a US-listed ETF offering exposure to Solana (SOL).

The ETF's filing with the US Securities and Exchange Commission notes the risks associated with investing in DOGE, including rapid price swings and uncertainty. The price of DOGE has increased by over 8% in the past month, partly due to CleanCore Solutions' new Dogecoin treasury. The TD Sequential indicator suggests that selling pressure may be easing, potentially setting the stage for a rebound.