Dogecoin ETF to launch in US on Sept. 18 — Bloomberg analysts

Group 1 - The first exchange-traded fund (ETF) in the United States linked to Dogecoin (DOGE) is set to launch on September 18, according to Bloomberg [1] - The Rex Shares-Osprey Dogecoin ETF (DOJE) represents a significant development at the intersection of decentralized finance (DeFi) and traditional finance (TradFi) [1] - Meme coins, including Dogecoin, have evolved from parody cryptocurrencies to a substantial market segment, with assets like Shiba Inu (SHIB) and others amassing billions in market capitalization [2] Group 2 - If approved, DOJE would be the first US ETF associated with a meme coin, but it will not be a spot ETF; instead, it will gain indirect exposure to DOGE through a subsidiary using crypto derivatives [3] - DOJE is structured more like a mutual fund, having been approved under the Investment Company Act of 1940, unlike US spot Bitcoin ETFs which were approved under the Securities Act of 1933 [4] - As of the time of writing, DOGE has seen a decline of 4.28% in the past 24 hours, trading at $0.2669 [4]