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First Dogecoin ETF to launch on Sept 11, Bloomberg analyst says
Yahoo Financeยท 2025-09-09 15:11
Group 1: ETF Development - The first US exchange-traded fund (ETF) linked directly to Dogecoin, named DOJE, is set to debut on September 11, marking the beginning of the "memecoin ETF era" according to Bloomberg analyst Eric Balchunas [1] - DOJE was registered under the Investment Company Act of 1940, allowing for a quicker approval process compared to the traditional 19b-4 process for spot crypto ETFs [2] - The fund is structured as a C-corporation providing DOGE exposure through a Cayman Islands subsidiary, which has raised some skepticism among investors regarding potential double taxation [3] Group 2: Corporate Adoption of Dogecoin - CleanCore Solutions, Inc. purchased 285.4 million DOGE valued at $68 million, making it the largest Dogecoin treasury holder to date [4] - The company plans to accumulate one billion DOGE within 30 days, aiming to secure 5% of the token's circulating supply, with backing from the Dogecoin Foundation and House of Doge [5] - A partnership with Bitstamp USA has been established to manage the Official Dogecoin Treasury, enhancing transparency and stability while laying the groundwork for yield-bearing products [6]