First US Dogecoin ETF by REX Shares Launches Next Week
REX Shares is set to launch the first US Dogecoin ETF next week under the Investment Company Act of 1940. This 40 Act filing bypasses the SEC’s traditional S-1 route, offering a regulatory end-around similar to REX’s Solana staking ETF. The prospectus highlights Dogecoin volatility, noting a 116% gain over the past year and current price around $0.214.
Meanwhile, Trump family-linked Thumzup Media is pivoting to Dogecoin mining. It agreed to acquire DogeHash Technologies along with 3,500 Antminers. The public company will rebrand as Dogehash Technologies Holdings (ticker: XDOG). At $0.214 per DOGE, projected annual revenue is $22.7 million, rising to $103 million if DOGE hits $1.
These developments reflect growing mainstream and institutional interest in Dogecoin. The Dogecoin ETF could boost liquidity and legitimization for traders. The mining expansion adds supply-side strength. Together, these moves may drive positive market dynamics for DOGE and broader crypto assets.
Bullish
Classification: bullish. The launch of a US Dogecoin ETF under the 40 Act marks a significant regulatory milestone, mirroring the positive market response seen with Bitcoin spot ETFs in 2021. It is likely to enhance trading volumes, broaden access for institutional investors, and improve liquidity for DOGE. Simultaneously, Thumzup’s large-scale Dogecoin mining pivot adds network hashrate and commercial validation, projecting substantial revenue if DOGE reaches $1.
In the short term, anticipation of ETF approval may drive price appreciation and trading momentum. Over the longer term, ETF inclusion and mining investment signal greater mainstream acceptance, reducing volatility and fostering market stability for Dogecoin. Overall, these factors suggest a bullish outlook for DOGE and related crypto markets.