Rex-Osprey’s spot Dogecoin exchange-traded fund (DOJE) commenced trading on Thursday, marking a significant milestone for meme-inspired cryptocurrency investment products. The fund attracted notable investor interest during its debut, reflecting growing institutional appetite for alternative digital asset exposure. Building on this momentum, Rex-Osprey has promptly submitted regulatory paperwork for a new, more sophisticated financial instrument. This proposed fund would provide leveraged exposure to the underlying DOJE ETF, potentially amplifying both returns and risks for participants. The filing demonstrates the firm’s strategy to expand its Dogecoin-derived product suite, catering to diverse investor risk tolerances and market outlooks. While the original DOJE fund offers direct price tracking of Dogecoin, the leveraged variant would employ financial derivatives to multiply daily performance outcomes. This development occurs as traditional finance continues embracing cryptocurrency-based investment vehicles, though regulatory approval for the leveraged product remains pending. Market analysts are monitoring whether this aggressive product expansion might influence Dogecoin’s liquidity and volatility patterns in secondary markets.
