DOGE ETF to Launch as First U.S. Fund to Hold Asset with 'No Utility'

HKAN | Sep 10

 

The Rex-Osprey DOGE ETF (ticker: DOJE) is scheduled to launch on Thursday, September 11, 2025, marking a significant milestone in the cryptocurrency investment landscape. This fund is poised to be the first U.S. exchange-traded fund to hold Dogecoin, a cryptocurrency often described as a "meme coin" due to its origins as a parody.

Bloomberg analyst Eric Balchunas highlighted the fund's unique nature, stating, "Pretty sure this is the first-ever U.S. ETF to hold something that has no utility on purpose." The ETF is structured under the Investment Company Act of 1940, a regulatory framework typically applied to traditional investment funds, rather than the Securities Act of 1933 used for most crypto ETFs. This approach allows for a more streamlined approval process and provides certain investor protections CoinDesk.

The launch of the DOJE ETF reflects growing institutional interest in cryptocurrency assets, even those without traditional use cases. While Dogecoin's value proposition has been questioned due to its lack of inherent utility, its strong community support and cultural significance have contributed to its prominence in the crypto market.

Investors considering the DOJE ETF should be aware that, like Dogecoin itself, the fund may exhibit high volatility and speculative behavior. As with any investment, it's crucial to conduct thorough research and consider personal risk tolerance before investing in such innovative financial products.