Rex Shares and Osprey Funds will launch DOJE ETF tracking DOGE performance

According to DLNews, Rex Shares and Osprey Funds announced that they will launch DOJE, an ETF that tracks Dogecoin's performance. This ETH is different from previous spot cryptocurrency ETFs that directly hold the underlying cryptocurrency, but follows the 40-Act ETF and indirectly invest in the underlying cryptocurrency through futures, swaps or other index-based tools. Rex-Osprey's prospectus says the fund will invest about 80% of its assets in Dogecoin instruments, which may include derivatives such as futures or swaps. Rex-0sprey previously launched its Solana equity ETF in July using this method.