A Dogecoin ETF, the Rex-Osprey DOGE ETF ($DOJE), is anticipated to launch this week, providing U.S. investors with direct exposure to Dogecoin's price movements. This would mark the first ETF in the U.S. to track the memecoin, which has recently seen a 7% increase in value, and could lead to heightened market volatility as investors react to the launch.

21Shares has launched a Dogecoin ETF, which has been approved by the Depository Trust & Clearing Corporation (DTCC). This new financial product aims to provide investors with exposure to Dogecoin in a regulated market environment.