Dogecoin, the popular meme cryptocurrency, may soon see its first-ever exchange-traded fund (ETF) in the United States. According to Bloomberg analyst Eric Balchunas, REX Shares is taking steps to launch a Dogecoin ETF as early as next week.
The ETF issuer has filed a prospectus with the US Securities and Exchange Commission (SEC). This development has sparked renewed interest in the cryptocurrency’s price movement and market position.
REX Shares is pursuing what some analysts call a “regulatory end-around” pathway. The firm is using the “40 Act” approach, which differs from the traditional route most crypto ETFs take.
The REX-Osprey
DOGE ETF, $DOJE, is coming soon!$DOJE will be the first ETF to deliver investors exposure to the performance of the iconic memecoin, Dogecoin $DOGE.
From REX-Osprey
Investing involves risk.… pic.twitter.com/2eVv2hI7cf
— REX Shares (@REXShares) September 3, 2025
This is the same strategy REX used to successfully launch its Solana staking ETF. ETF Store president Nate Geraci has described this 40 Act strategy as a way to navigate around typical regulatory hurdles.
Most crypto ETFs require issuers to file Form S-1 and Form 19b-4 with the SEC. The 40 Act fund follows a different regulatory path that may allow for faster approval.
Other ETF issuers including 21Shares, Bitwise, and Grayscale have submitted filings for Dogecoin ETFs through the traditional route. These companies are still awaiting decisions from the SEC.
REX has also filed for an ETF that tracks the TRUMP token under the same 40 Act approach. This ETF would buy shares in an offshore company that holds the token.
Dogecoin is currently trading at approximately $0.21, showing a modest daily decline of just over 3%. Despite this short-term dip, DOGE has seen a substantial gain over the past year, surging 116.67% according to CoinMarketCap.
However, the token is down 54% from its 2024 high of $0.4672 reached in December. The cryptocurrency’s stability at current support levels has become a focal point for market analysts.
In its prospectus filing, REX warned that “DOGE is a relatively new innovation and is subject to unique and substantial risks. The market for DOGE is subject to rapid price swings, changes and uncertainty.”
Market analysts have identified several bullish technical patterns in Dogecoin’s price charts. A large rounding bottom structure has formed, which many traders interpret as a sign of renewed strength and accumulation.
This extended base suggests phases where buyers have consistently stepped in to support the token. As DOGE edges closer to neckline resistance, many believe a breakout may soon materialize.
On the daily chart, Dogecoin’s price action shows consolidation within a symmetrical triangle. The 0.236 Fibonacci retracement level at $0.221 has emerged as a critical pivot point.
Upside targets for DOGE include $0.27, $0.31, and $0.38, with possible extensions to $0.54 if a breakout confirms. On the downside, support at $0.18 has repeatedly held against retracements in recent weeks.
The REX Osprey Dogecoin ETF filing stands as a potentially transformative step for mainstream exposure to DOGE. If approved, this would be the first regulated product in the United States to directly track Dogecoin’s price.
The fund designates 80% of its structure toward DOGE-linked holdings such as futures and swaps. The remaining portion would be allocated to Treasuries and cash equivalents to support liquidity and operational stability.
Potential inflows from institutions could shift DOGE beyond retail-driven speculation into broader financial acceptance. This ETF filing aligns with the positive technical backdrop and may strengthen Dogecoin’s position as a more credible asset.
Elon Musk has long been associated with Dogecoin, even referring to himself as the “Dogefather.” More recently, Musk’s attorney Alex Spiro was reported by Fortune to be chairing a new public company seeking to raise $200 million to invest in Dogecoin.
The cryptocurrency continues to attract mainstream media attention, with even those who have never invested in crypto likely familiar with the meme token.
Dogecoin benefits from constructive technical signals while optimism builds on regulatory progress. The REX Osprey ETF adds institutional weight, possibly driving fresh inflows into the market.
The post Dogecoin (DOGE) Price: Trading at $0.21 as REX Pursues ’40 Act’ ETF Approach appeared first on Blockonomi.
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