Dogecoin ETF Launch Sparks Price Surge: Can DOGE Hit New Heights?

U.S. regulators have approved the , the first platform-traded fund to offer direct exposure to Dogecoin.

The approval , broadening investor access and testing mainstream appetite for speculative digital assets. The product, launched through a partnership between REX Shares and Osprey Funds, will operate under the Investment Company Act of 1940, a structure that differs from the commodity-trust model used by most BTC and ETH ETFs.

According to filings, the fund will allocate at least 80% of its net assets to Dogecoin or financial instruments tied to its price, while the remainder will be held in cash and short-term Treasuries to balance volatility. The ETF carries a 1.5% management fee, positioning it on the higher end of the cost spectrum compared to traditional ETFs but in line with existing crypto-linked products.

Although the ETF was initially slated to launch on September 12, operational clearances delayed the rollout. Trading is now set to begin today, September 18, on the Cboe BZX platform.

Greg King, CEO and founder of REX Financial and Osprey Funds, said:

“The digital asset revolution is already underway, and to be able to offer exposure to some of the most popular digital assets within the protections of the U.S. ’40 Act ETF regime is something REX-Osprey is proud of and has worked diligently to achieve.”

This isn’t the company’s first step into the ETF market. REX-Osprey already runs a (SSK), valued at roughly $275 million at the time of publication.

Dogecoin Could Hit a New High If It Breaks Key Resistance

The market has responded positively to the DOGE ETF approval. Dogecoin was trading strongly above $0.31, with analysts at FinanceFeed noting that in an extremely bullish case, DOGE could rally toward $0.80 following the launch.

According to CoinMarketCap, DOGE recorded an additional 5.67% gain in the past 24 hours. Chart analysis shows a potential breakout rally if the asset can breach the resistance of the weeks-long trading channel.

The Chaikin Money Flow (CMF) indicator, which measures purchaseing pressure, stood firmly in positive territory with a reading of 0.60, suggesting strong accumulation. Meanwhile, overall market activity surged, with trading volume jumping 53.33% in the past day to $5.77 billion.

Although no precise figures on institutional inflows have been disclosed, analysts expect significant capital rotation into DOGE as the ETF begins trading.

Broader Optimism

The optimism in the market extends beyond DOGE. REX-Osprey has also filed for and received approval for the REX-Osprey XRP ETF (XRPR).

The market reacted positively to the news, with XRP trading strongly above $3.10 over the past day. Ahead of the announcement, in an extremely bullish case, citing a long-term macro pattern.

With the ETF approval now secured, that target appears more attainable as fresh capital inflows are expected. Like DOJE, XRPR will trade on the Cboe BZX platform.