🚨NEWS IN: DOGECOIN($DOGE ) SPOT ETF TO BE LAUNCHED ON THURSDAY WITH TICKER DOJE🔥🔥🔥
September 9th: In a significant development for crypto ETFs, Bloomberg analyst Eric Balchunas has announced that the Rex-Osprey Dogecoin Spot ETF (DOJE) is anticipated to commence trading as soon as this Thursday, September 12th.
However, this fund comes with critical distinctions that set it apart from popular Bitcoin ETFs. The DOJE ETF will be issued under the Investment Company Act of 1940, a regulatory framework similar to the SSK Bitcoin trust. This is different from the numerous spot Ethereum ETF applications, which are filed under the Securities Act of 1933 and still await final SEC approval.
Most notably, Balchunas points out that this is highly likely to be the first intentionally assetless ETF in U.S. history. This unique structure means the ETF itself will not hold the underlying Dogecoin, marking a novel and unconventional approach to offering crypto exposure within a traditional regulatory wrapper.
Source: Lookonchain
Discl.: NOT financial advice, DYOR.
