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Dogecoin spot ETF to launch on the 11th

Son Min

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.

DOGE