First Dogecoin ETF could be launched next week when Alteason starts

The first Dogecoin ETF could be debuting next week, Bloomberg analysts said, adding that the possible launch is supplied with a new Altcoin season that is already going on.

In one XBloomberg ETF (Exchange-Traded Fund) analyst Eric Balchunas noted that Rex shares have submitted an effective prospectus to the US Securities and Exchange Commission (SEC), which could lead to the launch of a doge ETF under the 1940 Investment Company Act.

The same structure was used by Rex to roll out a Solana strike ETF earlier this year, allowing it to launch a SOL fund for its competitors.

In contrast to Spotcrypto ETFs that have been submitted under form S-1 and 19B-4, the 1940 Investment Company Act takes an alternative route. This allows Rex shares to avoid some of the delays that confronts traditional crypto funds, which could lead to a decision that is only made after 240 days.

If approved, the Rex-Esprey Doge ETF will act under the Ticker “$ doge”, and the performance of the largest meme coin per market hood will be followed, according to an X-post from the company.

The Rex-Esprey ™ Doge ETF, $ WantIs coming!$ Want Will be the first ETF to provide investors’ exposure to the performance of the iconic memecoin, Dogecoin $ Doge.

Van Rex-Esprey ™, the team behind $ SSKthe first Sol + bets etf.@OSPREYFUNTS

Investing means risk … … pic.twitter.com/2EVV2HI7CF

– Rex -shares (@rexshares) September 3, 2025

Companies have issued several Altcoin ETF applications to the SEC

Rex Shares is not the only company that wants to launch a doge ETF.

Earlier this year, 21Shares submitted its own formal proposal to the SEC for a Dogecoin ETF. After Bitwise and Grayscale, this has also submitted their applications, which are currently awaiting a decision by the securities ruler.

Including the Doge ETF archives, there are currently 92 crypto ETF applications that are assessed by the SEC.

New: here is a list of all files and/or applications that I add to Crypto ETPs here in the US. There are 92 principal items in this spreadsheet. You will almost certainly have to squeeze and zoom in to see, but the best I can do here pic.twitter.com/ldhrgeqbow

– James Seyffart (@jseyff) August 28, 2025

A detailed spreadsheet that was published at the end of August shows that most of those archives for funds are that Solana (SOL), Ripple’s XRP and Litecoin (LTC) follow.

Solana and XRP respectively have eight and seven awaiting ETF applications and rank as the most targeted Altcoin investments after the launch of Spot Bitcoin and Spot ETFs in the US last year.

A final decision for the Altcoin ETF applications is expected by October.

Altcoin season has started

While ETF-EMENDENTEN is waiting for a decision on their respective Altcoin funds, Bloomberg Intelligence ETF analyst James Seyffart says that the long-awaited Altcoin season has already started.

“I think this is the Alt season, this is the Alt season,” he said during the day A recent interview with Milk Road.

He said that this cycle is different from crypto -cycles from the past, especially since institutional players have started entering the crypto space. This entrance has been Digital Asset Treasury Companies (DATCOS), of which he says it has recently been “on absolute fire”.

Later in the interview, Seyffart said that the Altcoin prices may not rise as much as in previous cycles. He supported this prediction by saying that the opportunities that institutional investors will look beyond the top 30 list of the greatest cryptos are very low.

He also warned that Altcoin ETFs may not have argued the same level of question that Bitcoin ETFs have seen since their launch last year.

Instead, he believes that investment products that combine several cryptos, ‘investment baskets’ will probably record more institutional question.

Seyffart’s explanation that the Altcoin season has already started, is because the total market capitalization for Alts has risen by more than 33% in the last 2 months and so far another 1% has risen, according to TradingView data.

Monthly graph for the Altcoin market capitalization (source: Tradingview))

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