First US Memecoin ETF Launches, Providing Regulated Dogecoin Exposure

The first US memecoin exchange-traded fund (ETF), DOJE, launches this Thursday, offering regulated access to Dogecoin for investors. This launch marks a significant development in the regulation of crypto products and follows the precedent set by Bitcoin and Ether ETFs. The fund will be structured under the 1940 Investment Company Act, utilizing a Cayman Islands subsidiary to provide exposure to Dogecoin. This approach differs from the more common 1933 Act used for most other crypto-linked ETFs, offering investors indirect access to the cryptocurrency.