The first US exchange-traded fund (ETF) tracking Dogecoin will begin trading on Thursday, CoinDesk reports.
The product, a collaboration between REX Shares and Osprey Funds, will trade under the ticker DOJE.
Its launch comes after the US Securities and Exchange Commission (SEC) on Tuesday delayed a decision on a competing Dogecoin ETF proposal from Bitwise, citing the need for a "longer period" to consider the regulatory change.
The REX-Osprey fund secured its listing by leveraging the Investment Company Act of 1940, a different regulatory route that provides investor protection and allows it to hold Dogecoin through a Cayman Islands-based subsidiary.