Rex-Osprey’s DOJE ETF Sees Strong Debut, Eyes Leveraged Expansion
- Rex-Osprey’s DOJE ETF generated approximately $17 million in trading volume on its first day.
- The ETF ranked among the top five for first-day volumes of ETF launches this year.
- A new filing seeks SEC approval for a leveraged ETF offering up to 150% daily exposure to Dogecoin.
- The proposed REX DOJE Growth & Income ETF aims to pay weekly distributions and achieve daily returns between 105-150% of DOJE’s price change.
- Rex-Osprey cautions that the leveraged fund is riskier and not suitable for all investors.
Rex-Osprey’s launch of the first U.S. spot Dogecoin ETF marked a significant entry into the market with substantial trading volumes, reflecting strong investor interest in ETFs tied to popular cryptocurrencies like Dogecoin.
The issuer’s move to introduce a leveraged version highlights an appetite for higher-risk investment products, though it warns of potential losses if not managed carefully. (Source)
