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The primary Dogecoin ETF may debut as early as subsequent week, mentioned Bloomberg analysts, including that the potential launch comes with a brand new altcoin season already underway.
In an X put up, Bloomberg ETF (exchange-traded fund) analyst Eric Balchunas famous that REX Shares has filed an efficient prospectus with the US Securities and Change Fee (SEC), which may result in the launch of a DOGE ETF underneath the Funding Firm Act of 1940.
That very same construction was utilized by REX to roll out a Solana staking ETF earlier this 12 months, enabling it to launch a SOL fund forward of its rivals.
Not like spot crypto ETFs which are filed underneath Type S-1 and 19b-4, the Funding Firm Act of 1940 takes another route. This lets REX Shares keep away from among the delays going through conventional crypto funds, which may result in a call solely being given after 240 days.
If permitted, the REX-Osprey DOGE ETF will commerce underneath the ticker “$DOGE,” and can observe the efficiency of the biggest meme coin by market cap, based on an X put up by the corporate.
The REX-Osprey™ DOGE ETF, $DOJE, is coming quickly!$DOJE would be the first ETF to ship buyers publicity to the efficiency of the enduring memecoin, Dogecoin $DOGE.
From REX-Osprey™, the workforce behind $SSK, the primary SOL + Staking ETF.@OspreyFunds
Investing entails danger.… pic.twitter.com/2eVv2hI7cf
— REX Shares (@REXShares) September 3, 2025
Companies Have Issued A number of Altcoin ETF Functions To The SEC
REX Shares shouldn’t be the one agency trying to launch a DOGE ETF.
Earlier this 12 months, 21Shares submitted its personal formal proposal to the SEC for a Dogecoin ETF. That is after Bitwise and Grayscale additionally submitted their functions, that are presently awaiting a call from the securities regulator.
Together with the DOGE ETF filings, there are presently 92 crypto ETF functions underneath overview by the SEC.
NEW: Here’s a record of all of the filings and/or functions I am monitoring for Crypto ETPs right here within the US. There are 92 line gadgets on this spreadsheet. You’ll nearly definitely need to squint and zoom to see however greatest I can do on right here pic.twitter.com/lDhRGEQBoW
— James Seyffart (@JSeyff) August 28, 2025
An in depth spreadsheet that was printed in the direction of the top of August reveals that almost all of these filings are for funds that observe Solana (SOL), Ripple’s XRP, and Litecoin (LTC).
Solana and XRP have eight and 7 pending ETF functions, respectively, rating them as probably the most focused altcoin investments following the launch of spot Bitcoin and spot Ethereum ETFs within the US final 12 months.
A last choice for the altcoin ETF functions is anticipated by October.
Altcoin Season Has Begun
As ETF issuers anticipate a call from the SEC for his or her respective altcoin funds, Bloomberg Intelligence ETF analyst James Seyffart says the long-awaited altcoin season has already began.
“I believe that is the alt season, this has been the alt season” he mentioned throughout a latest interview with Milk Highway.
He mentioned that this cycle is totally different from previous crypto cycles, primarily as a result of institutional gamers have began getting into the crypto area. This entrance has been by digital asset treasury corporations (DATCOs), which he says have been “on absolute hearth” not too long ago.
In a while within the interview, Seyffart did say that altcoin costs won’t soar as a lot as they did in previous cycles. He backed this prediction by saying that the probabilities that institutional buyers will look past the highest 30 record of the biggest cryptos are actually low.
He additionally warned that altcoin ETFs won’t draw the identical stage of demand that spot Bitcoin ETFs have seen since their launch final 12 months.
As a substitute, he believes that funding merchandise that mix a number of cryptos, “funding baskets,” are more likely to seize extra institutional demand.
Seyffart’s assertion that the altcoin season has already began comes as the overall market capitalization for alts rose over 33% within the final 2 months, and has risen one other 1% this month up to now, based on TradingView information.
Month-to-month chart for the altcoin market cap (Supply: TradingView)
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