First US Dogecoin ETF to Debut Thursday Amid $36 Billion Push

- Institutional crypto adoption extends beyond Bitcoin/Ether with Doge ETF launch - Bloomberg analyst highlights regulatory shift and memecoin investor demand The SEC has approved the Rex-Osprey Doge ETF, the first U.S. memecoin fund, which will begin trading on Thursday, September 11, 2025. This approval marks a historic milestone in cryptocurrency adoption. On September 9, 2025, Cointelegraph reported the SEC’s approval, while CryptoSlate and CoinCentral also covered the news, highlighting the event's significance for memecoins. On the same day, Bloomberg ETF analyst Eric Balchunas wrote on X (formerly Twitter), "Pretty sure this is the first-ever US ETF to hold something that has no utility or purpose." The approval signals that institutional interest in cryptocurrencies is expanding, as Dogecoin now joins Bitcoin and Ether as assets available through regulated investment vehicles. In addition, the fund operates under the Investment Company Act of 1940, a framework that distinguishes it from commodity-based cryptocurrency ETFs. Demonstrating heightened investor enthusiasm, Dogecoin experienced a price rally ahead of the ETF’s debut. This product allows investors to gain regulated exposure to Dogecoin, enabling broader participation in the memecoin’s market through traditional U.S. stock exchanges. According to CoinMarketCap on September 9, Dogecoin (DOGE) was trading at $0.239 as of 18:14 UTC, while its 24-hour trading volume had increased by 0.643%.