🐶 Dogecoin may welcome its first ETF next week.

Bloomberg analyst Eric Balchunas stated that REX Shares is preparing to launch the first Dogecoin ETF in the U.S. through the 40 Act mechanism—this follows the same path as the company's recent launch of the Solana Staking ETF.

➡️ Key details:

🟡 REX has submitted a prospectus to the SEC and warned that DOGE carries "high risk."
🟡 Bitwise, Grayscale, and 21Shares' traditional applications are still awaiting approval, while REX has chosen a "workaround."
🟡 Over the past year, Dogecoin has risen by +116%, but it is still 54% lower than the peak of $0.4672 in December 2024. The current trading price is $0.2129.

➡️ Why it matters:

The Dogecoin ETF will allow institutional and retail investors to enter the most representative meme coin without having to directly purchase the tokens. This not only means more liquidity but also strengthens DOGE's position as a "legitimate" asset on Wall Street.

⚡️ Supplementary fact: REX has also submitted an ETF application linked to the OFFICIAL TRUMP token, while Elon Musk's lawyer is leading a new company seeking $200M investment in Dogecoin.

📈 If successfully launched next week, DOGE could become the next meme coin to receive significant investment from institutions through compliant tools.

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