Dogecoin Gets Its First ETF — A Memecoin Moment for Wall Street

Dogecoin Gets Its First ETF — A Memecoin Moment for Wall Street

Also on September 18, regulators greenlit the first memecoin-based exchange-traded fund: the Rex-Osprey Doge ETF will soon begin trading. It marks a symbolic moment—Dogecoin, once dismissed as a joke, now stepping into formal finance. 

The ETF comes with a 1.5% management fee and will be listed on Cboe. It doesn’t stop there: companies behind Rex Financial and Osprey Funds have also filed for new ETFs based on XRP and even a $TRUMP coin. As exciting as this is for meme culture, critics warn it may blur the line between investment and speculative asset, especially for retail investors. Still, the popularity and fan base of Dogecoin show strong demand.