The first United States exchange-traded fund offering exposure to Dogecoin began trading Thursday on the Cboe BZX Exchange. The REX-Osprey Doge ETF launched under ticker DOJE at $26.51 per share.
At REX, we’re building the next generation of crypto ETFs that bring investors simple, regulated access to digital assets.
Today, we’re excited to announce the launch of:
· $DOJE – the first ETF offering exposure to spot $DOGE in the U.S.
· $XRPR – the first ETF offering… pic.twitter.com/Y709c4zonO— REX Shares (@REXShares) September 18, 2025
Despite this historic milestone, Dogecoin’s price moved in the opposite direction. The cryptocurrency fell over 2% in the past 24 hours, trading near $0.2754.
DOGE performed worse than other top cryptocurrencies by market capitalization during this period. Trading volume for the memecoin dropped by more than 23% over the same timeframe.
The ETF closed its first trading session at $26.37, down 0.53% from its opening price. However, the fund attracted substantial interest from traders.
DOJE generated $5.8 million in trading volume during its first hour. This figure far exceeded the typical $1 million average for new ETF launches in the same period.
The REX-Osprey fund used the Investment Company Act of 1940 for approval. This approach allowed the ETF to bypass the longer Securities Act review process that delayed other cryptocurrency funds.
ETF experts have called this regulatory strategy an “end-around” of traditional approval methods. The structure enabled faster market entry compared to other digital asset products.
The fund’s issuer clarified that investing in DOJE “is not equivalent” to direct Dogecoin ownership. This disclaimer may have dampened some investor enthusiasm for the product.
Open interest in DOGE derivatives increased by only 0.88% over the past day according to Coinglass data. This suggests muted speculative activity around the cryptocurrency.
However, over 80% of top trader accounts on Binance were betting on price increases. These accounts represent the top 20% of users with the highest margin balances.
Corporate buyers have started accumulating Dogecoin positions ahead of the ETF launch. CleanCore Solutions announced the purchase of 100 million additional DOGE tokens on Tuesday.
This acquisition brought the company’s total holdings above 600 million tokens. The purchase came as regulatory clarity improved around Dogecoin investment products.
The timing suggests institutional demand was building even before the ETF began trading. Corporate adoption represents a shift from Dogecoin’s origins as a meme-based cryptocurrency.
My target for $DOGE is $5 after a Dogecoin ETF! I
believe a huge wave of institutional money is about to flow into #Memecoins very soon.
Do you have any #DOGE in your portfolio? pic.twitter.com/udAXxbkyPA
— CryptoELlTES (@CryptooELITES) September 15, 2025
Analysts view the ETF launch as a turning point for mainstream acceptance. The product provides regulated access to Dogecoin exposure without direct token ownership.
One market observer noted that DOGE becomes the first memecoin with its own Wall Street fund. This development elevates its status beyond simple meme token classification.
The cryptocurrency has shown weekly gains of 5.45% despite Thursday’s decline. DOGE rallied about 13% from Tuesday’s local low of $0.25.
Price predictions from analysts range widely following the ETF debut. Some traders project targets around $1.40, representing roughly 400% gains from current levels.
More aggressive forecasts call for prices reaching $5.00 if institutional money flows in. This would represent approximately 1,600% upside from today’s trading levels.
These projections assume DOJE will attract capital flows similar to earlier cryptocurrency ETFs. Historical patterns show spot ETF launches often drove price increases for underlying assets.
The post Dogecoin (DOGE) Price: First US ETF Launches With $5.8M Opening Volume appeared first on CoinCentral.
Also read: Rex-Osprey’s XRP ETF Beats IVES In Biggest 2025 ETF Launch
