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The primary Dogecoin ETF might debut as early as subsequent week, stated Bloomberg analysts, including that the doable launch comes with a brand new altcoin season already underway.
In an X publish, 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 might result in the launch of a DOGE ETF beneath 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 can be filed beneath Kind S-1 and 19b-4, the Funding Firm Act of 1940 takes another route. This lets REX Shares keep away from a number of the delays dealing with conventional crypto funds, which might result in a call solely being given after 240 days.
If accepted, the REX-Osprey DOGE ETF will commerce beneath the ticker “$DOGE,” and can observe the efficiency of the biggest meme coin by market cap, based on an X publish 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 is just not 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 purposes, that are at the moment awaiting a call from the securities regulator.
Together with the DOGE ETF filings, there are at the moment 92 crypto ETF purposes beneath overview by the SEC.
NEW: Here’s a listing of all of the filings and/or purposes I am monitoring for Crypto ETPs right here within the US. There are 92 line gadgets on this spreadsheet. You’ll virtually actually 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 revealed in the direction of the top of August exhibits that the majority 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 purposes, respectively, rating them as essentially the most focused altcoin investments following the launch of spot Bitcoin and spot Ethereum ETFs within the US final 12 months.
A remaining determination for the altcoin ETF purposes is predicted 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 feel that is the alt season, this has been the alt season” he stated throughout a current interview with Milk Street.
He stated that this cycle is completely different from previous crypto cycles, primarily as a result of institutional gamers have began coming into the crypto area. This entrance has been via digital asset treasury corporations (DATCOs), which he says have been “on absolute fireplace” not too long ago.
Afterward 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 possibilities that institutional buyers will look past the highest 30 listing of the biggest cryptos are actually low.
He additionally warned that altcoin ETFs won’t draw the identical degree 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 whole market capitalization for alts rose over 33% within the final 2 months, and has risen one other 1% this month thus far, based on TradingView knowledge.
Month-to-month chart for the altcoin market cap (Supply: TradingView)
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