Summary
- James Seyffart, a Bloomberg ETF analyst, said the Dogecoin (DOGE) ETF may launch tomorrow.
- He explained that this ETF, unlike existing Bitcoin (BTC) and Ethereum (ETH) ETFs, adopts a C-Corp structure.
- Seyffart said this structure could be a kind of workaround to receive rapid approval from the SEC.
James Seyffart, a Bloomberg ETF analyst, said on the 11th (local time) via X (formerly Twitter), "The Rex-Osprey Dogecoin (DOGE) exchange-traded fund (ETF) may launch tomorrow." He explained that the ETF adopts a C-Corp structure, unlike existing Bitcoin (BTC) and Ethereum (ETH) ETFs.
Seyffart added, "It is a form rare in the ETF industry; it has pros and cons, but it could be a kind of workaround to get quicker approval from the Securities and Exchange Commission (SEC)."
JH Kim
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