Bloomberg analyst Eric Balchunas said that the first American exchange fund that is linked directly to Dogecoin will debut on Thursday 11 September.
In a September 9 update On X he said that Rex-Esprey’s planned doge ETF (Ticker: Doje) indicates the start of what he describes as the “memecoin ETF era”.
Balchunas emphasized the unusual nature of the fund and noted that it would be the first American ETF that was designed to keep an active “Without Nut Express”.
Doje ETF
This development comes hardly a week after Rex-Esprey has requested the ETF product from the US Securities and Exchange Commission (SEC).
The rapid change can be linked to the fact that Doje is registered under the 1940 Investment Company Act, a strategy that accelerates approval compared to the traditional 19B-4 process required for spotcrypto ETFs.
Under this approach, the fund is structured as a C corporation that offers exposure to Doge through a subsidiary of the Cayman Islands.
In particular, the same framework was used for the Solana Fund (SSK) strike, giving the company a track record of navigating through the structure.
However, this setup often draws skepticism from some investors who are concerned about possible double taxation.
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Nevertheless, this approach could enable a issue to move quickly, while rivals can remain in the queue because they apply through the Securities Act of the route of 1933.
Doge Treasury Firm
The ETF development coincides with a large company that takes Dogecoin for its Digital Asset Treasury Initiative.
On 8 September, CleanCore Solutions, Inc., a company that is mentioned on the NYSE American Exchange, unveiled that it has purchased 285.4 million doge worth $ 68 million. This transaction has made CleanCore the largest Dogecoin Treasury holder so far.
CleanCore said that the purchase is the first phase in a plan to collect a billion doge within 30 days and ultimately secure 5% of the circulating power supply of token.
The Dogecoin Foundation and its industrial, house of doge, supported the initiative. Their strategy positions Doge as a digital active for payments, tokenization projects, stab-like products and cross-border transfers.
To offer custody and execution for the new treasury, the house of Doge too announced A partnership with Bitstamp USA, which now works under Robinhood (Nasdaq: Hood). According to the agreement, the official Dogecoin Treasury will be managed on Bitstamp by the Robinhood platform.
According to the partners, this setup is intended to strengthen transparency and stability, while the basis is laid for revenue products that can expand the role of Dogecoin in regular financing