First Dogecoin ETF Could Launch Next Week As Altseason Starts

The primary Dogecoin ETF might debut as early as subsequent week, mentioned Bloomberg analysts, including that the doable launch comes with a brand new altcoin season already underway.

In an X submit, Bloomberg ETF (exchange-traded fund) analyst Eric Balchunas famous that REX Shares has filed an efficient prospectus with the US Securities and Alternate Fee (SEC), which might result in the launch of a DOGE ETF below the Funding Firm Act of 1940.

That very same construction was utilized by REX to roll out a Solana staking ETF earlier this yr, enabling it to launch a SOL fund forward of its rivals.

In contrast to spot crypto ETFs which might be filed below Kind S-1 and 19b-4, the Funding Firm Act of 1940 takes an alternate route. This lets REX Shares keep away from among the delays dealing with conventional crypto funds, which might result in a choice solely being given after 240 days. 

If authorized, the REX-Osprey DOGE ETF will commerce below the ticker “$DOGE,” and can monitor the efficiency of the biggest meme coin by market cap, in line with an X submit 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 long-lasting 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 seeking to launch a DOGE ETF. 

Earlier this yr, 21Shares submitted its personal formal proposal to the SEC for a Dogecoin ETF. That is after Bitwise and Grayscale additionally submitted their functions, that are presently awaiting a choice from the securities regulator. 

Together with the DOGE ETF filings, there are presently 92 crypto ETF functions below evaluation by the SEC. 

NEW: Here’s a listing of all of the filings and/or functions I am monitoring for Crypto ETPs right here within the US. There are 92 line gadgets on this spreadsheet. You’ll virtually definitely must 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 printed in the direction of the tip of August exhibits that almost all of these filings are for funds that monitor Solana (SOL), Ripple’s XRP, and Litecoin (LTC). 

Solana and XRP have eight and 7 pending ETF functions, respectively, rating them as essentially the most focused altcoin investments following the launch of spot Bitcoin and spot Ethereum ETFs within the US final yr.

A closing determination for the altcoin ETF functions is predicted by October. 

Altcoin Season Has Begun

As ETF issuers await a choice 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 believe that is the alt season, this has been the alt season” he mentioned throughout a current interview with Milk Street. 

He mentioned that this cycle is totally different from previous crypto cycles, primarily as a result of institutional gamers have began coming into the crypto house. This entrance has been by way of digital asset treasury firms (DATCOs), which he says have been “on absolute fireplace” just lately.

In a while within the interview, Seyffart did say that altcoin costs may not soar as a lot as they did in previous cycles. He backed this prediction by saying that the probabilities that institutional buyers will look past the highest 30 listing of the biggest cryptos are actually low. 

He additionally warned that altcoin ETFs may not draw the identical stage of demand that spot Bitcoin ETFs have seen since their launch final yr.

As an alternative, 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 overall market capitalization for alts rose over 33% within the final 2 months, and has risen one other 1% this month up to now, in line with TradingView knowledge. 

Month-to-month chart for the altcoin market cap (Supply: TradingView) 

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