DOJE – the first ever Dogecoin (DOGE) ETF

In September 2025, the first ETF fund based on Dogecoin (DOGE) – a cryptocurrency that started as an internet joke with the image of a Shiba Inu dog, and today is one of the largest digital coins in terms of capitalization, as well as the most popular in terms of recognition.

New fund, about the ticker DOJE, is offered by REX Shares in partnership with Osprey Funds. This is the first ETF in the US to provide exposure to Dogecoin spot – and also the first ETF for the so-called "memecoin" on the US market.Investors can now participate in Dogecoin price movements through a standard brokerage account, without having to directly purchase the cryptocurrency on a cryptocurrency exchange. The launch of this fund is an unprecedented event that signals the increasing intertwining of cryptocurrency with traditional finance.

A new phase for the ETF and cryptocurrency markets

The emergence of a Dogecoin-based spot ETF is part of a broader trend of opening the traditional financial market to digital assets. At the beginning of 2024, the most important topic was the newly approved ETFs based on Bitcoinie, which after years of effort gained regulatory approval, attracting billions of dollars in inflows.

Since then, the range of cryptocurrency ETFs has expanded. A few months after the launch of the BTC ETF, an ETF on ETH, the second largest cryptocurrency by market capitalization, was also launched. In June of this year, an ETF on Solana (also from REX-Osprey) was launched, and in September, spot ETF funds Dogecoin i XRP. This company has therefore firmly established itself as a pioneer in the field of launching cryptocurrency ETFs.

It's worth noting that the DOJE (Dogecoin) and XRPR (XRP) funds were organized in accordance with the Investment Company Act, subjecting them to the rigorous oversight of traditional investment funds. In other words, even unconventional assets like the "joke" Dogecoin are framed within a legal framework that prioritizes transparency and investor protection, lending the entire endeavor a sense of seriousness and credibility.

Dogecoin: From Internet Meme to Serious Financial Instrument

The launch of a Dogecoin ETF has enormous symbolic significance. Dogecoin originated in 2013 as a meme – a parody of Bitcoin with a Shiba Inu as its logo – but thanks to the online community, the interest of celebrities (most vocally by Elon Musk during the 2021 bull market), and its enormous market success, it has gained global recognition. At the peak of the previous bull market, its market capitalization exceeded $80 billion, and today, with a market capitalization of around $36 billion, it remains one of the largest cryptocurrencies on the market. Despite this, many investors still treat it with a grain of salt, finding it difficult to understand the memecoin phenomenon, as they are ultimately "useless cryptocurrencies." Consequently, the debut of the first ETF tracking the price of Dogecoin adds a new dimension to this currency as a serious (or rather, more serious 😉 ) investment asset. In other words, the meme proved so viable that it received its own financial instrument on a regulated stock exchange.

DOJE ETF – Simpler Dogecoin Exposure

From now on, investors don't need to set up cryptocurrency wallets or use crypto exchanges to invest in this coin – a standard broker and purchasing fund units are sufficient. This potentially lowers the barrier to entry for the next wave of interested parties who previously steered clear of unregulated cryptocurrency markets, if only because of the technological barrier.

The market's initial reaction to the DOJE fund's debut, however, is not promising, most likely because on September 18th, when the fund debuted on the trading floor, the crypto market was already in consolidation, which then turned into a (for now) local correction. It could also have been a "sell the news" event, as a wave of buying had already been observed in the preceding weeks, and in anticipation of the ETF's launch, the DOGE price rose by over 80%.

Nevertheless, there is no point in writing this ETF off at the start, not only because other cryptocurrency ETFs have achieved spectacular success, but also because DOGE is a very recognizable cryptocurrency, regularly generating large volume, which, under the right market conditions, can generate significant movements, stimulating the imagination of many investors.

What does the ETF mean for the future of Dogecoin?

Dogecoin's entry into Wall Street via ETF could strengthen its market position. Since a fund meeting regulatory requirements has been established, it's a sign that Dogecoin is no longer perceived as just a "curiosity," but as an asset worth considering in the broader investment landscape. On the other hand, be careful.Dogecoin ETF wrapper itself does not change the fact that it remains a very risky and volatile assetSudden changes in sentiment, regulatory disruptions, or overall cryptocurrency market volatility could still weigh heavily on DOGE's price, both directly and indirectly through the ETF's price.

The debut of the Dogecoin ETF is also a significant event from the perspective of other cryptocurrencies similar to DOGE. If the first memecoin found its way onto an exchange, it's possible that others will follow – ETF issuers will certainly be watching investor interest.

Nevertheless, common sense dictates that we remember that greater availability does not eliminate the riskDogecoin and other cryptocurrencies remain volatile and risky, and investing in them (even through regulated instruments) requires caution, sound analysis, and awareness of potential losses.