Rex Shares and Osprey Funds to launch DOJE ETF tracking DOGE performance

Foresight News reported, according to DLNews, that Rex Shares and Osprey Funds have announced the launch of the ETF DOJE, which tracks the performance of Dogecoin. Unlike previous spot cryptocurrency ETFs that directly hold the underlying cryptocurrency, this ETF follows the 40-Act ETF structure and invests indirectly in the underlying cryptocurrency through futures, swaps, or other index-based instruments. The Rex-Osprey prospectus states that the fund will invest approximately 80% of its assets in Dogecoin instruments, which may include derivatives such as futures or swaps. Previously, Rex-Osprey used this approach to launch its Solana equity ETF in July.