—if it begins trading Thursday—would represent a first-of-its-kind US DOGE ETF launched as a ’40 Act fund, a structure industry analysts say can reach the market without the same exchange rule-change approval required for commodity-based trusts.
For investors and issuers, the split underscores how crypto ETFs are evolving beyond the binary of “approved or denied” for spot commodity trusts. Bitwise is pursuing a product that would hold DOGE directly in a trust structure consistent with NYSE Arca’s Rule 8.201-E framework, while REX-Osprey appear set to offer DOGE exposure inside a registered investment company—akin to SSK’s approach—highlighting the growing role of ’40 Act mechanics in bringing non-bitcoin assets to the exchange-traded market.
At press time, DOGE traded at $0.24.
