The first DOGE ETF DOJE will be launched on September 9! The 40-Act framework leverages a 20% increase expectation.

REX-Osprey DOGE ETF (DOJE) will be listed on September 9 as the first DOGE ETF in the United States, with the stock code DOJE. This ETF employs an innovative structure: bypassing traditional complex approvals through the Investment Company Act of 1940 (40-Act), utilizing derivatives and holding DOGE indirectly through a Cayman subsidiary (with a subsidiary holding limit of 25%). This design significantly accelerates the listing process, but the counterparty risks of derivatives and holding limits may lead to tracking errors. The issuer REX Shares (which has previously launched a short Bitcoin ETF) collaborates with Osprey Funds (which manages a $500 million Bitcoin trust) to provide technical endorsement for the product.

DOJE may provide a short-term boost to the DOGE price, but the high costs and liquidity risks cannot be ignored. Referring to the case of Solana ETF (SSK) where SOL rose by 34% after its listing, if DOJE attracts $80-120 million in funds during its first week, DOGE could increase by 20-40%. However, its annual management fee of 1.95% is significantly higher than mainstream cryptocurrency ETFs, and the lack of depth in the DOGE spot market (with an average daily trading volume of about $180 million) could lead to premium pricing or delayed liquidation for large subscriptions and redemptions. Investors should pay attention to the fund flow during the first week of listing and the breakthrough of the key resistance level at $0.22. Given the high volatility, it is advisable to assess risks cautiously. #上市公司融资扩大加密储备