Dogecoin Just Got Its First Ever ETF As Meme Coin

Dogecoin has one of the craziest origin stories in the crypto landscape. It started as a joke in 2013 from an internet meme and has become the one of the biggest memecoins. The arrival of the Dogecoin ETF represents a new chapter in the world of digital assets as a memecoin gets an ETF for the first time. With the new ETF, Dogecoin joined the ranks of Bitcoin and Ethereum, which have their own ETFs.

The transition of Dogecoin from a community-driven asset to a regulated and mainstream asset marks the beginning of new possibilities. Many of you would assume that this is just another headline in the domain of crypto and digital assets. However, the ETF for Dogecoin indicates that the traditional financial landscape is embracing assets that were not considered as viable in the past. On top of it, the memecoin market may finally find a new narrative. 

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The Case for Crypto ETFs

What are ETFs and how are they relevant in the crypto space? You can find some credible answers to these questions in the way Bitcoin ETFs gained mainstream attention. ETFs or exchange-traded funds offered an effective solution for traditional investors to gain exposure to market movements of crypto assets like Bitcoin. The Dogecoin ETF approval indicates that investors can now access exposure to Dogecoin without the risks of direct ownership.

You must have noticed how spot Bitcoin ETFs have attracted huge inflows with billions of dollars pushed into the crypto space. ETFs have not only attracted institutional capital but also democratized access to crypto assets and contributed to mainstream crypto adoption. 

Does Dogecoin Deserve an ETF?

Many people in the crypto community would wonder about the business case for introducing an ETF for a memecoin. Why would anyone think about investing in an ETF for a digital asset that was created from a joke? The origins of the DOGE memecoin may be playful with the Shiba Inu dog mascot. However, it is impossible to ignore how DOGE has defied all expectations and developed into a massive and passionate community. With the support of notable names in technology, like Elon Musk, Dogecoin has created a distinct identity among crypto assets.

The core protocol of Dogecoin has been witnessing some new developments that will help in adapting the memecoin for real-world use cases. For instance, many businesses have been accepting Dogecoin as payments. Dogecoin also offers the assurance of complete decentralization and security, which are essential requirements for crypto adoption. All of these factors indicate that DOGE is a promising candidate among memecoins to have an ETF.       

Approval for the Dogecoin ETF

The first ETF for Dogecoin arrived in the market on September 18, 2025 with the ticker symbol DOJE. It was launched by REX Shares and Osprey Funds, two different companies working together as REX-Osprey. The two companies work in collaboration with each other to launch crypto ETFs. 

You might ask questions like “Has Dogecoin ETF been approved?” as exchange-traded funds don’t have any value without approval. REX-Osprey filed a prospectus one week ahead of the launch of DOJE ETF to begin the approval process. The prospectus stated that the ETF will invest and hold DOGE as well as other crypto ETFs and derivatives.

REX-Osprey filed the registration for DOJE ETF according to the Investment Company Act of 1940. It is a federal law for regulation of investment funds that collect capital from investors to follow a common strategy. The approval under the Investment Company Act of 1940 allows for active management of funds. You should also know that REX-Osprey launched an XRP ETF alongside the one tracking DOGE, with the same legal structure.

How Will the ETF Affect Dogecoin?

Dogecoin has witnessed a groundbreaking moment in its roadmap with the launch of its ETF. As the first memecoin ETF, DOJE will bring transformative changes to the Dogecoin project. You can expect growing attention from new investors, particularly institutional investors and better scope for broader adoption. As a result, Dogecoin will witness significant growth in pricing.

It is also important to note that Dogecoin may finally break the “memecoin” label and gain recognition as a legitimate digital asset. The involvement of new investor segments with Dogecoin through the ETF will slow down the massive price swings, thereby ensuring stability. The growing popularity of the ETF may also translate into broader adoption of Dogecoin for payments and other utilities.

Impact of Dogecoin ETF on the Memecoin Market

The DOJE ETF indicates that digital assets born from internet culture can also evolve into regulatory compliant investment products. You should know that the companies which filed for the DOGE memecoin ETF have also submitted a proposal for another memecoin ETF. REX-Osprey has filed a prospectus for TRUMP ETF, based on the memecoin associated with President Donald Trump. It clearly indicates that DOJE is not the only memecoin ETF that you should be looking at in the crypto market.

Will more memecoins join the race for ETF approval after Dogecoin? The approval for DOJE ETF validates the identity of memecoins as legitimate digital assets albeit with some risks. It would show investors in traditional finance and regulators that memecoins can be repurposed with ETFs for mainstream investment. You can also expect memecoins with high market caps to enter the race for ETF approval. Memecoins can explore new possibilities in the areas of regulatory compliance, utility and market maturity with the help of ETFs.

Final Thoughts

The Dogecoin ETF approval represents a landmark moment in the world of digital assets. DOGE started its journey as a digital asset in 2013 and more than a decade later, it has its own ETF listed on a US equities exchange. REX-Osprey has launched the ETF for Dogecoin with the ticker symbol, DOJE, under the Investment Company Act of 1940. The approval of a memecoin ETF after Bitcoin and Ethereum ETFs gained mainstream recognition will bring new opportunities for investors. As a matter of fact, the DOJE ETF will create new precedents for adoption of memecoin ETFs as legitimate assets for investment. Learn more about ETFs and their importance in the crypto space now.