Dogecoin ETF Sees Strong Debut, But Rex-Osprey Is Already Plotting a Riskier DOJE Fund

Core Insights - Rex-Osprey's DOJE, the first U.S. spot Dogecoin ETF, achieved strong trading volumes upon its market debut, ranking among the top five ETF rollouts of the year [1][6] - The issuer has filed for a new leveraged product, the REX DOJE Growth & Income ETF, which aims to provide 105-150% exposure to the price return of DOJE on a single day [1][2] Product Details - The REX DOJE Growth & Income ETF will consist of three components: leveraged long exposure in the underlying Dogecoin ETF (DOJE), a covered call strategy for income generation, and investments in short-term treasuries or money market funds [2][3] - The primary goal of the fund is to pay weekly distributions, with a secondary aim of achieving daily investment results between 1-1.5 times the percent change of DOJE [3] Risk Considerations - The fund is designed for knowledgeable investors who understand the risks associated with leveraged investments and are willing to monitor their portfolios frequently [4] - The prospectus highlights that the fund may incur losses if DOJE's return is flat over multiple days, and it may also lose value even if DOJE increases over a longer period [4] Market Performance - The standard DOJE ETF generated approximately $17 million in trading volume on its first day, placing it in the top five for first-day volumes among ETF launches this year [6] - In comparison, the Rex-Osprey XRP ETF launched on the same day and achieved nearly $38 million in trading volume, marking it as the most successful debut of the year [6]