ETF Dreams For Dogecoin: Serious Possibility Or Just Hype?
A Dogecoin exchange-traded fund with the ticker DOJE is ready to begin buying and selling within the US on September 11, 2025. According to stories, the fund is being launched by REX-Osprey and can present US buyers a regulated strategy to acquire publicity to DOGE with out holding the coin straight.
Eric Balchunas, a senior ETF analyst at Bloomberg, instructed market watchers that the fund will maintain an asset with “no utility on objective,” and he publicly challenged supporters to level to clear real-world makes use of for Dogecoin past group curiosity and buying and selling.
Analyst Asks Supporters To Show Practical Uses
According to Balchunas, DOJE would be the first US ETF that brazenly holds an asset whose backers say lacks sensible capabilities. He pushed the group to checklist the place DOGE is used as greater than a token of hypothesis or tradition.
The Doge individuals (what do you name them, Doge-rs?) are objecting to my “no utility” remark. But the coin was actually began by two guys as a joke. So what’s the utility? https://t.co/6YtQPnCOTx
— Eric Balchunas (@EricBalchunas) September 9, 2025
Some within the Dogecoin group pointed to restricted cost assessments and service provider experiments, whereas others emphasised the coin’s lengthy historical past of publicity and social consideration.
Reports additionally notice the fund is being structured underneath the Investment Company Act of 1940 as a substitute of the Securities Act of 1933, a alternative that has drawn further scrutiny.
Why Utility Matters For Investors
Investors sometimes search methods to worth an asset past pure sentiment. Utility can imply issues like cost rails, governance roles, or gas for good contracts — makes use of that create sustained demand.
When these makes use of are restricted, value strikes might be pushed primarily by headlines and momentum. That makes threat analysis tougher for portfolios that require regular, predictable exposures.
Some market individuals counter that model recognition, liquidity, and tradition can nonetheless produce purchaser curiosity, at the least whereas markets are favorable.
Less Common Legal Route
Based on stories, the authorized route chosen for DOJE is uncommon for a crypto-linked spot fund. Filing underneath the 1940 Act as a substitute of the 1933 Act carries completely different compliance and custody implications.
Few ETFs have taken this precise path for a memecoin-style asset, and observers say they’ll watch how custody and regulatory critiques play out as soon as buying and selling begins.
Traders and establishments could deal with the fund otherwise due to the construction and the questions raised over utility.
Featured picture from Unsplash, chart from TradingView
