"Dogecoin ETF may land on the US market next week! REX Shares cleverly bypasses regulatory hurdles with the '40 Act, directly betting on this meme coin that has transformed from a joke to a cultural icon. Despite extreme volatility, DOGE has seen an annual increase of over 116%, with giants like Musk continuing to endorse it, and the SEC is facing a flood of 92 cryptocurrency ETF applications."

Balchunas pointed out that ETF issuer REX Shares has submitted a valid prospectus to the U.S. Securities and Exchange Commission (SEC).

Bloomberg ETF analyst Eric Balchunas stated that the Dogecoin exchange-traded fund (ETF) could debut in the U.S. market as early as next week.

In a post on X on Thursday, Balchunas noted that ETF issuer REX Shares submitted a valid prospectus to the U.S. Securities and Exchange Commission (SEC), indicating that a Dogecoin ETF may launch under the Investment Company Act of 1940 (commonly referred to as the "40 Act").

"It looks like REX will launch a Doge ETF via 40 Act next week," Balchunas wrote. Earlier this year, REX launched a Solana staking ETF using the same structure.

40 Act ETFs bypass regulatory hurdles faced by spot crypto funds

Unlike spot crypto ETFs filed under S-1 and 19b-4 forms, 40 Act ETFs take a different listing approach, avoiding some of the delays faced by traditional crypto funds.

ETF Store President Nate Geraci previously referred to this approach as "regulatory finality."

REX acknowledges the volatility of Dogecoin in its filing and warns investors that DOGE "faces unique and significant risks," including rapid price changes and market uncertainty.

According to data from CoinMarketCap, Dogecoin has increased by 116.67% over the past year. However, the token has cooled from its peak of $0.4672 in December 2024 and is currently trading close to $0.2129.

REX is not the only participant focused on Dogecoin exposure. Earlier this year, 21Shares submitted a formal proposal for a Dogecoin ETF, and Bitwise and Grayscale also filed similar documents, all of which are still awaiting SEC decisions.

In addition to Dogecoin, REX has also applied for an ETF linked to the TRUMP token, aiming to provide exposure by holding shares of an offshore entity owning the asset.

Dogecoin continues to enjoy cultural relevance far beyond the crypto space.

Its long-time supporter Elon Musk referred to it as "the hype" during a 2021 Saturday Night Live appearance.

Recently, it has been reported that Musk's lawyer Alex Spiro is leading a $200 million public company focused on Dogecoin investments.

If approved, REX's fund would become the first ETF listed in the U.S. to provide direct exposure to meme coins, which initially were just a joke but later became a cultural phenomenon.

The U.S. Securities and Exchange Commission is reviewing 92 cryptocurrency ETF applications

The U.S. Securities and Exchange Commission is currently reviewing 92 cryptocurrency ETF applications, according to Bloomberg analyst James Seyffart.

A detailed spreadsheet released on August 28 shows that most of these filings, especially those related to Solana, XRP, and Litecoin, will face final decisions before October.

The wave of new applications reflects growing interest in ETFs focused on altcoins and may trigger new capital inflows into the cryptocurrency market.

Solana and XRP are leading the ETF race with 8 and 7 pending applications, respectively. These altcoins are now among the most targeted crypto investments after Bitcoin and Ethereum.

The total number of pending applications has quickly risen from 72 in April to 92 in August, marking a significant increase in institutional interest and regulatory involvement.

According to reports, digital asset investment products rebounded last week, attracting $2.48 billion in capital inflows following a brief outflow.

This surge has pushed total capital inflows for August to $4.37 billion, bringing the year-to-date figure to $35.5 billion.#加密市场回调 #上市公司囤币潮