Meme Cryptocurrency, Dogecoin, Launches Its Own Exchange-Traded Fund
The crypto market has seen a steady rally this year, with Bitcoin leading the charge. The world's largest cryptocurrency has risen by 29 percent this year, reaching new heights. However, another popular cryptocurrency, Dogecoin, has not fared as well.
Dogecoin, the Meme token that reached the mainstream during the pandemic, has seen a significant drop from its peak in 2021. Since the start of the year, the price of Dogecoin has fallen by ten percent, and it is currently more than 60 percent below its all-time high.
Despite the price drop, the interest in Dogecoin remains high. The first ETF dedicated to Dogecoin, the REX-Osprey™ Dogecoin ETF, made its debut on September 18, 2025, in the United States. This ETF, developed and launched by REX Financial and Osprey Funds, offers direct exposure to Dogecoin.
The launch of the Dogecoin ETF comes at a time when the assets under management of Bitcoin ETFs have grown to $151 billion (€128.3 billion), with 60 percent of the fund's assets invested in the Dogecoin token itself. Additionally, 38 percent of the fund's assets are invested in the Dogecoin ETP from 21Shares.
Dogecoin's popularity, in part, can be attributed to the support it has received from high-profile figures such as Elon Musk, who often posted about Dogecoin on social media. This support, combined with the launch of the Dogecoin ETF, could potentially boost the price of Dogecoin and help it recover from its current slump.
On Thursday, the price of Dogecoin saw a slight increase, rising by about five percent in the morning and five percent in the afternoon. Whether this trend continues remains to be seen, but one thing is certain: the crypto market is always full of surprises.
In addition to Dogecoin, Ethereum ETFs have also seen growth this year, with assets under management reaching $24 billion (€20.4 billion). As the crypto market continues to evolve, it will be interesting to see how these trends develop and how they impact the future of cryptocurrencies.
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