REX-Osprey DOGE ETF Set for U.S. Market Debut

• REX-Osprey DOGE ETF set to launch under the 1940 Act with 80% allocation to Dogecoin.
• The fund charges a 1.50% expense ratio and begins trading September 11, 2025.
• Approval under the 1940 Act signals a new path as the 1933 Act crypto ETF filings await SEC review.

The REX-Osprey DOGE ETF has appeared on Bloomberg’s terminal under the ticker DOJE US, marking what could be the first U.S.-listed exchange-traded fund tied directly to Dogecoin. Incorporated in the United States, the fund is structured to give investors exposure to Dogecoin’s performance by allocating at least 80% of its net assets to the cryptocurrency or instruments tracking its price. The filing reflects an expansion of crypto-linked investment products beyond Bitcoin and Ethereum, with Dogecoin entering the ETF market through this vehicle.

Classification of the REX-Osprey DOGE ETF

Bloomberg data lists the REX-Osprey DOGE ETF as an alternative macro ETF with active management. It is categorized under cryptocurrency and described as following an “actively managed” replication strategy. However, the filing does not specify whether the fund will rely on swaps, derivatives, or direct token holdings. Securities lending details also remain unavailable, leaving aspects of its operational design open.

The fund is being launched under the Investment Company Act of 1940, a regulation used by some specialized funds such as $SSK. By contrast, multiple cryptocurrency ETFs filed under the Securities Act of 1933 are still awaiting SEC approval. This indicates that the REX-Osprey DOGE ETF is advancing on a separate regulatory path, potentially allowing earlier entry into the market.

Expense Ratio and Launch Details

According to the filing, the ETF will not employ leverage. It will charge an expense ratio of 1.50%, a level comparable to other crypto-related exchange-traded products but higher than most traditional ETFs. The inception date is listed as September 11, 2025.

Source: X

Key trading data, such as net asset value (NAV), implied liquidity, tracking error, and total assets, has not yet been disclosed. These metrics are expected once the fund begins active operations and trading volumes are recorded.

Market Impact and Outlook

The arrival of the REX-Osprey DOGE ETF serves as a positive development for cryptocurrency-linked ETFs in the United States. Previous products have focused primarily on Bitcoin and Ethereum, but this listing brings Dogecoin into the ETF space for the first time. By holding at least 80% of its assets in Dogecoin or related instruments, the fund signals broader institutional recognition of meme-inspired cryptocurrencies within regulated markets.

At present, several other ETF applications tied to digital assets remain pending under the 1933 Act, awaiting SEC decisions. The approval and listing of DOJE under the 1940 Act highlight a different route for crypto products to reach investors.