Mentioned:
Dogecoin has become a dominant force of cultural relevancy. Now, is it about to have its own ETF too?
What’s happening:
- Asset management company Rex Shares has officially filed an application with the United States Securities and Exchange Commission to list a Dogecoin ETF onto a major stock exchange in America
Why it matters:
- While Dogecoin originated as a meme coin, it has begun to transcend its way towards becoming a payment method that is now being accepted by companies such as Tesla (NASDAQ: TSLA) and AMC (NYSE: AMC)
Going deeper:
- The new Dogecoin ETF filing is a collaboration between Rex Shares and Osprey Funds
- Rex Shares and Osprey Funds have also filed for additional new crypto ETFs, including one which will focus on other digital assets including Bitcoin, Ethereum, Solana, XRP and even Donald Trump’s new meme coin