DOGE climbs as Rex-Osprey DOGE ETF is postponed

Dogecoin recorded an increase of approximately 4% on Friday, reaching $0.26, despite reports of another delay in the launch of the first U.S. Dogecoin ETF.

According to CoinMarketCap, DOGE rose nearly 4% over the past 24 hours, trading at $0.2603 at the time of writing. Bloomberg ETF analyst Eric Balchunas reported Thursday that the listing of the Rex-Osprey DOGE ETF (DOJE) has been delayed. The product was initially scheduled to launch on September 12 alongside ETFs linked to Bonk, XRP, Bitcoin, and Trump Official.

Balchunas noted that the listing might now occur mid-next week, likely Thursday. According to SEC filings on September 8, DOJE has already received approval under the Investment Company Act of 1940, a framework typically used for mutual funds and diversified ETFs, different from the rules applied to Bitcoin-based products.

The issuing company has not disclosed the reasons for the delay. The analyst emphasized that the ETF launch is expected to have a limited impact on Dogecoin’s price, as most interested investors already hold accounts on cryptocurrency exchanges.