Dogecoin-ETF в США стартует 11 сентября: новый этап для мем-коинов Translation: Dogecoin-ETF in the USA launches on September 11: a new stage for meme coins

The first spot Dogecoin ETF, under the ticker DOJE, is set to launch in the U.S. on September 11, as revealed by Bloomberg analyst Eric Balchunas.

«DOJE will be the first U.S. exchange-traded fund of its kind, based on an asset that initially holds no intrinsic value,» he stated.

The issuer of the Dogecoin ETF is REX Shares, a company that previously introduced a Solana-based instrument featuring staking under the ticker SSK. The company’s hints at launching a fund focused on the meme coin began on September 3.

The Dogecoin ETF is not a classic exchange-traded fund approved by the SEC. Instead, the product is registered as a mutual fund in accordance with the U.S. Investment Company Act of 1940.

As reported by DL News, this legislation serves as a regulatory loophole that allows the bypassing of some approval requirements from regulators. This structure enables immediate trading to commence but imposes significant restrictions on marketing activities.

While it is more challenging to obtain a positive ruling under the Securities Act of 1933, such an approval opens pathways for broader product distribution. This is the route taken by spot Bitcoin ETFs, which have attracted $114 billion since their approval.

Jordan Jefferson, CEO of DogeOS, referred to the ETF launch as a watershed moment for the industry.

«Dogecoin started as a joke, but Wall Street has finally recognized its potential. The ETF approval confirms that institutional investors see value in the community, culture, and accessibility. When pension funds invest in an asset with ironic origins, it’s a landmark moment in financial history,» he stated.

He added that the influx of institutional capital will bring new liquidity and stability to the meme coin market.

Meanwhile, the SEC has postponed its decision on Bitwise’s application for a similar ETF, stating that it requires a «longer period» to consider the documentation.

At the time of writing, Dogecoin is trading at $0.24. Over the past 24 hours, the meme coin’s price has decreased by 0.3%, while it has risen by more than 11% over the past week.

Balchunas also expressed concern that members of the Dogecoin community criticized him for his comment regarding the «lack of value.»

«Representatives of the Doge community (are they called Doge-ers?) countered my remark about ‘lack of utility.’ But this coin was literally created by two guys as a joke. So what is its practical value?» he wrote.

As a reminder, as of the end of August, the SEC was reviewing 92 applications for cryptocurrency ETFs.