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First Ever Dogecoin ETF Nears Approval With 93% Likelihood: Santiment Confirms

The first U.S. Dogecoin ETF is set for imminent approval, legitimizing the meme coin asset class as DOGE whales accumulate heavily.

  • The Rex-Osprey Dogecoin ETF (DOJE) could launch this week with a 93% approval chance.
  • Whales holding 1M–10M DOGE have accumulated 10.91B coins, a four-year high.
  • Santiment warns rallies may be speculation-driven rather than fundamental.

Santiment’s Brian Quinlivan said the first Dogecoin exchange-traded fund could debut this week in the United States. 

In a detailed post, the analyst noted that the Rex-Osprey DOGE ETF, which will trade with the ticker DOJE, carries an estimated 93% likelihood of approval. It stands to be the first Dogecoin-focused ETF in the U.S. market.

Dogecoin ETF Approval Nears

The Rex-Osprey Dogecoin ETF is a joint effort between REX Shares and Osprey Funds. Both firms have experience in the crypto ETF market, including a product tied to Solana. 

They are using a regulatory pathway known as the “40 Act” to speed up approval. This process is a more efficient route than the traditional filings used for Bitcoin and Ethereum ETFs.

Going live, DOJE would allow U.S. investors to gain exposure to Dogecoin’s price movements through traditional brokerage accounts. Investors would not need to hold or store the cryptocurrency di…

The post First Ever Dogecoin ETF Nears Approval With 93% Likelihood: Santiment Confirms appeared first on Coin Edition.

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