The Bulls of Dogecoin awaited a negotiated fund for a long time in the United States which follows the volatile price movements of the token, and it could be this week.
Rex-Osprey Doge Etf, Tickred $ Doje, seems likely to launch this week, according to the president of the store ETF, Nate Geraci. The product would offer investors a direct exposure to the performance of the same, which makes it the first of its kind on the American market.
The ETF is supported by Rex Actions and Osprey Funds, companies behind $ SSK, an ETF Solana Staking which was put online earlier this year. $ Doje is distributed by Foreside Fund Services LLC.
This decision would extend a series of ETFs linked to cryptography following the Bitcoin spot approvals and ether products in 2024, and intervenes while the issuers take place to deploy new offers related to chips and alternative strategies. The profile of Doge as a “cultural” actor, long fueled by the references of Elon Musk and the presence on social networks, makes it a natural candidate for a retail product.
Market players expect increased volatility around launch. “Think that we are in a savage next 2 months for cryptographic ETFs,” said Geraci on X, reporting that Doge could draw speculative flows similar to other Spot products.
DOGE was exchanged for the last time at around 23 cents, up 7% in the last day and almost 15% over the week, surpassing the biggest tokens such as bitcoin and ether.
In addition, this is not the first ETF linked to the same to be offered for the American market. On August 26, Canary Capital Group filed with the dry to launch an ETF spot that would hold the Trump room, a token based in Solana linked to President Donald Trump.
Traders will monitor if a Doge (or Trump) The ETF list attracts new demand in the same sector or if the volumes remain concentrated on the existing exchange markets.
