REX Shares Set to Launch First Dogecoin ETF, Using 40 Act Structure

REX Shares appears poised to launch the first US Dogecoin exchange-traded fund (ETF) next week. This innovative move will leverage the Investment Company Act of 1940 (the ’40 Act’) for regulatory compliance and a Cayman Islands structure to minimize risk exposure, according to sources. The REX-Osprey DOGE ETF, set to begin trading early next week, would mark a significant step in US crypto market development. This structure mirrors the firm’s successful launch of its Solana staking ETF earlier this year.