Dear reader, brace yourself because the canine-favoured currency, Dogecoin, might just sashay down the catwalk of Wall Street next week. (And who’s to say Rex isn’t just enjoying a little can-can?)
Gossip from the upper circles, courtesy of the esteemed Bloomberg oracle Eric Balchunas, suggests a Dogecoin exchange-traded fund (ETF) will debut on our shores with the grace of a debutante at her first ball-assuming the whims of the SEC play in their favour.
“Looking at Rex’s new Doge ETF, it seems they’ve mastered the secrets from the 40 Act over a Sparrow’s nest tea party last Thursday,” quipped Balchunas on social media, directing us to your beloved exchange-traded festival team, REX Shares, after their rather clandestine filing of an effective prospectus-what elan!
Inside this inky forest of officialdom, they’ve warned that Dogecoin is a “relative newcomer,” as fresh-faced as a young debutante at her first soiree despite its willingness to perform wild flourishes akin to an early 20th-century escapade.
Kindly note, over the past year, dear Dogecoin has pirouetted upwards by 116.67%. Alas! She recently bid adieu to over half her lavishness, from a high note of $0.4672 to a humble $0.2129 at our very publication’s glance.
REX sashays around regulators-oh, how dashing!
In the curious world of crypto ETFs, most dance to the time-worn tune of formality, prancing between Form S-1 and Form 19b-4. REX, however, waltzes via an exhilarating 40 Act route, reminiscent of how they twirled with the Solana staking ETF into the spotlight.
“A like little detour around the regulations,” as the charming ETF Store president Nate Geraci elegantly described, executes with all the charm we can perhaps muster in our fastidious world.
Meanwhile, the path of tradition is yet to bear fruit, with hopefuls like 21Shares, Bitwise, and Grayscale awaiting an audience with the SEC-excuse me, I meant a verdict, naturally.
But more thrill awaits! REX has also cut a rug with an interesting twist-an ETF trail following OFFICIAL TRUMP, which buys shares in an offshore company. Surely it is the stuff of adventure novels and tea-time banter alike.
Enduring Beloved: A Dogecoin Tale
The buzz around Dogecoin is akin to the uproar of a circus elephant in a silver shop-never forgotten and always revisited. Many who’ve not considered cryptocurrency yet find themselves rated for entrance at the exquisite ball of Dogecoin lore, ever-aware of its notorious presence.
And what would this soap opera be without the whimsical theatrics of Tesla tycoon Elon Musk, who has played the Dogefather masquerade with notable aplomb, even dubbing it a “little hustle” amidst the dulcet tones of Saturday Night Live in 2021. It seems the narrative continues with Musk’s lawyer reportedly orchestrating a new company meant to prowl for billions in Dogecoin delight. Can you imagine the sequel?
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2025-09-05 06:13