REX Shares Prepares for First-Ever Dogecoin ETF
Regulatory Pathway
REX Shares is pursuing the same regulatory route under the 40 Act that it previously used to launch its Solana staking ETF. This approach, sometimes described as a “regulatory end-around,” allows ETF approval without the traditional Form S-1 and Form 19b-4 filings.
Potential Launch Timeline
According to Bloomberg analyst Eric Balchunas, the first Dogecoin ETF in the United States could launch as early as next week, following REX’s prospectus filing with the SEC.
Market Performance
Dogecoin ($DOGE ) has seen significant volatility:
Up 116.67% year-over-year
Down 54% from its December 2024 high of $0.4672
Trading at $0.2129 at the time of publication
Risks Highlighted
In its filing, REX warned that Dogecoin is a relatively new digital asset, prone to rapid price swings, regulatory uncertainty, and unique risks.
Industry Context
While other issuers such as 21 Shares, Bitwise, and Grayscale are awaiting SEC decisions through the traditional route, REX’s 40 Act strategy positions it ahead in the race to list a Dogecoin ETF.
Other ETF Filings
In addition to Dogecoin, REX has also filed for an ETF tracking Official Trump ($TRUMP ) under the same regulatory pathway.
Mainstream Appeal
Dogecoin continues to capture public attention, boosted by Elon Musk’s long-standing association with the token. Musk has previously called himself the “Dogefather,” further fueling its popularity.
