The unique meme coin is coming at you in ETF type.
Dogecoin, a poster youngster of the pandemic buying and selling frenzy and one of many first-ever meme tokens to go mainstream, now has its personal exchange-traded fund.
DOJE, a fund monitoring the shiba-inu themed toke, was launched on Thursday by REX-Osprey, a partnership between ETF supplier REX Monetary and crypto agency Osprey Funds. The fund marks the first-ever ETF to supply direct publicity to Dogecoin, REX-Osprey mentioned.
Investing in DOJE is not the identical as investing in dogecoin itself, however the fund seems prefer it may monitor the Elon Musk-endorsed meme coin fairly intently, with 60% of its present funds presently invested within the token itself and 38% invested in 21Shares’ Dogecoin ETP.
“Buyers look to ETFs as buying and selling and entry autos. The digital asset revolution is already underway,” Greg King, the CEO of REX Monetary and Osprey, mentioned in an announcement.
It has been a risky yr for Dogecoin regardless of a broader rally that has steadily lifted the crypto market. The meme coin was up 5% in Thursday afternoon buying and selling, nevertheless it’s down 10% year-to-date.
Bitcoin, by comparability, is up 29% in 2025.
Dogecoin is down greater than 60% from its all-time excessive in 2021, when it reached $0.73. Its recognition hit pitch-fever on the peak of the pandemic, partly as a consequence of backing from Elon Musk, who usually posted about the meme coin.
Crypto ETFs, in the meantime, have been rising more and more popula after spot bitcoin funds took off in early 2024. Property below administration amongst bitcoin ETFs have climbed to $151 billion, whereas property in ethereum ETFs have swelled to $24 billion, in accordance with knowledge from CoinMarketCap.
