Memecoin ETF era kicks off with Dogecoin fund that’s ‘useless by design’

Wall Street is about to package a joke into an exchange-traded fund — and charge 1.5% for the privilege. The REX-Osprey DOGE ETF launches Thursday as the US’s first fund dedicated to Dogecoin, the memecoin created in 2013 as satire that now commands a staggering $57 billion market value. Trading under the ticker DOJE, it marks a somewhat surreal milestone: institutional products for assets that proudly serve no purpose. And funds are charging up to six times more than for most Bitcoin ETFs, suggesting i ...