A Dogecoin ETF could be the next major crypto fund to hit the market, according to a Thursday post by Bloomberg analyst Eric Balchunas. The ETF issuer REX Shares has filed an effective prospectus with the U.S. Securities and Exchange Commission (SEC) for a Dogecoin ETF, suggesting a potential launch under the Investment Company Act of 1940, also known as the “40 Act.”
This approach is different from a traditional spot crypto ETF. The “40 Act” pathway allows issuers to bypass some of the regulatory hurdles and delays that have held up other crypto fund applications. This “regulatory end-around,” as it’s been called, was previously used by REX to launch a Solana staking ETF.
While REX’s filing acknowledges the significant risks of investing in Dogecoin due to its volatile nature, other firms like 21Shares, Bitwise, and Grayscale have also submitted applications for a Dogecoin ETF that are still awaiting a decision from the SEC. REX has also filed for a separate ETF linked to the TRUMP token.
This news comes as the SEC is reviewing a total of 92 crypto ETF applications. According to an analyst, most of these, particularly those for Solana, XRP, and Litecoin, are expected to receive final decisions by October. Solana and XRP are currently the most targeted altcoins for new ETFs, with eight and seven pending applications respectively. This surge in filings reflects a growing institutional interest in the altcoin market. The broader digital asset market has also seen a recent comeback, with $4.37 billion in inflows in August, bringing the total for the year to $35.5 billion.
September 2025, Cryptoniteuae
