Dogecoin ETF to launch in US on Sept. 18 — Bloomberg analysts

The first exchange-traded fund (ETF) in the United States linked to Dogecoin (DOGE) is slated for launch on Sept. 18, according to Bloomberg ETF analysts Eric Balchunas and James Seyffart.

Rex Shares-Osprey Dogecoin ETF (DOJE) could prove to be a major breakthrough in the intersection of DeFi and TradFi.

Meme coins are cryptocurrencies created as a parody of the seriousness of the crypto industry,  have grown into a serious market segment. Assets such as Shiba Inu (SHIB), Pepe (PEPE) and Pudgy Penguins (PENGU) have amassed billions in market capitalization alongside Dogecoin, which started in 2013 as a joke inspired by the grammatically challenged Shiba Inu meme. By 2018, DOGE had already reached a $2 billion market cap.

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XRP, DOGE ETFs have a new launch date Dogecoin founder just had a bizarre dream about MrBeast Dogecoin does not need Elon Musk anymore, 3 factors driving DOGE's price rallyJackson Palmer, co-founder of Dogecoin, stands for a photograph after a Bloomberg Technology television interview in San Francisco, California, U.S., on Monday, Jan. 22, 2018. Dogecoin started as a joke, based on grammatically-challenged shiba inu memes, poking fun at the rise of cryptocurrencies in 2013. But in 2018 that joke turned into a serious $2 billion market cap as investors didn't care.

If approved, DOJE would become the first US ETF tied to a meme coin. However, it is not a spot ETF. Instead, the fund will gain indirect exposure to DOGE through a Cayman Islands-based subsidiary using crypto derivatives products.

Related: What are meme coins? Explained

Unlike US spot Bitcoin ETFs — which were approved under the Securities Act of 1933 and structured as commodity trusts — DOJE was approved under the Investment Company Act of 1940, making it structurally more similar to a mutual fund.

DOGE has reacted negatively to the speculation, slipping 4.28% in the past 24 hours to trade at $0.2669 at the time of writing, according to Kraken's price feeds

Related: Dogecoin brought users to Bitcoin — now institutions will take it to $1M, says Gokhstein

This story was originally reported by TheStreet on Sep 15, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.

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