REX-Osprey’s Dogecoin ETF, ticker DOJE, opened on Sept. 18 and logged about 5.8 million dollars in its first hour of trading, according to Bloomberg’s Eric Balchunas as relayed by market coverage. That level exceeds typical first-day prints for new ETFs.
Before the bell, Balchunas had set an opening-day “over under” of 2.5 million dollars in volume. He framed the bar as respectable for a debut.
His real-time update described the early tape as stronger than expected. Coverage quoted him noting that most ETFs trade under 1 million dollars on day one.
What launched, and where
DOJE lists on the Cboe BZX Exchange. The issuer site shows an inception date of Sept. 18, 2025, and a total expense ratio of 1.5 percent.
REX Shares and Osprey Funds say the product offers spot exposure to Dogecoin within a registered fund structure governed by the Investment Company Act of 1940. A launch announcement outlined the approach and positioned DOJE as the first U.S. Dogecoin ETF.
Background explainers also flagged the debut as the first U.S. ETF focused on Dogecoin and noted the parallel XRP product from the same issuers.
Opening bursts can fade, so closing volume will show whether demand persists beyond the first prints. That measure helps separate launch-day curiosity from steady participation.
Spreads and order book depth will indicate how market makers price risk in the new product. Tighter spreads and consistent depth usually point to healthier secondary trading.
Investors can access DOJE through standard brokerage accounts on Cboe BZX, with the fee set at 1.5 percent per the issuer’s page.
