The U.S. markets have witnessed a new chapter in crypto investing with the debut of its first Dogecoin (DOGE) exchange-traded fund (ETF), DOJE. Launched by REX-Osprey, the ETF provides a regulated avenue for investors to access exposure to Dogecoin without directly holding the crypto asset. From what is understood, its entry highlights the growing recognition of digital assets in traditional finance and reflects the continued push to diversify investment products around popular tokens. At the time of writing (September 23, 14:05 PM IST), DOGE was trading at around $0.2414, having a roughly $36.46 billion worth market capitalization and a 24-hour volume of close to $3.48 billion.
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Inside DOJE: Breaking Down the First Dogecoin ETF
On September 18, 2025, the first-ever Dogecoin ETF, named DOJE, debuted under the partnership of REX Financial and Osprey Funds, operating together as REX-Osprey. According to market experts, this launch marks a significant step in bringing meme-inspired digital assets into the regulated ETF space. Reportedly, DOJE is designed to provide investors with structured exposure to Dogecoin, with most of its allocation directly in DOGE and a sizable portion tied to 21Shares’ Dogecoin ETP.
Trading officially kicked off on the Cboe BZX, a U.S. equities exchange, in Chicago. Seemingly, the arrival of DOJE not only strengthens Dogecoin’s presence in mainstream finance but also reflects the rising demand for diversified crypto investment products. Alongside Dogecoin, REX-Osprey introduced an XRP-focused ETF on the same day, while a fund tracking the Trump-themed token is currently awaiting regulatory clearance.
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Conclusion
The launch of DOJE underscores how far the crypto market has progressed, from niche beginnings to globally recognized financial instruments. By offering institutional-grade access to a community-driven token, the ETF signals a broader shift where digital assets are being woven into mainstream portfolios. For investors, it reflects the expanding choice in regulated crypto products, while for the industry, it demonstrates growing acceptance of alternative assets in traditional finance. As new ETFs emerge, this milestone sets the stage for a more dynamic intersection between crypto innovation and conventional markets.
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Disclaimer:
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