Summary
- Eric Balchunas, a Bloomberg analyst, said a Dogecoin (DOGE) spot ETF is scheduled to launch on the 11th.
- RexShares' ETF will be the first ETF in the U.S. to hold a meme coin.
- RexShares said the 40 Act method under the Investment Company Act of 1940 allows for a faster ETF launch.
A Dogecoin (DOGE) spot exchange-traded fund (ETF) is reported to be launching on the 11th (local time).
On the 9th (local time), Bloomberg analyst Eric Balchunas said on X (formerly Twitter), "RexShares' Dogecoin spot ETF will launch on the 11th," adding, "it will be the first ETF in the U.S. to hold a meme coin."
Earlier, RexShares had submitted an application for a Dogecoin spot ETF to the U.S. Securities and Exchange Commission (SEC) under the Investment Company Act of 1940. Generally, crypto asset ETF issuers must submit S-1 and 19b-4 filings to the SEC, but choosing the 40 Act method allows for a faster launch.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin slips below $77,000…Ethereum also breaks below $2,300](https://media.bloomingbit.io/PROD/news/f368fdee-cfea-4682-a5a1-926caa66b807.webp?w=250)
!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)