In the context of the continuously evolving Crypto Assets market, a new milestone is about to be born. Following the successful launch of Bitcoin and Ether Spot ETFs, the U.S. financial market will welcome its first memecoin Exchange Traded Fund (ETF). This marks a significant step forward in the realm of regulated encryption products.

The Rex-Osprey Dogecoin ETF (code: DOJE) is expected to officially launch on the exchange this Thursday. This news was first revealed by well-known ETF analyst Eric Balchunas on social media. Balchunas humorously commented that this might be the first ETF in history to intentionally hold "useless assets."

It is worth noting that this ETF may be launched under the Investment Company Act of 1940, rather than the Securities Act of 1933, which is typically used for managing physical commodities or derivative trusts. This choice may affect the operation and regulatory approach of the fund.

This ETF is distributed by Foreside Fund Services, supported by REX Shares and Osprey Funds. These two companies previously collaborated to launch the Solana staking ETF, demonstrating their ongoing efforts in innovating crypto financial products.

Dogecoin, as the first true memecoin, has been active in the Crypto Assets market for over a decade. It has not only cultivated a large investor community but has also inspired numerous imitators, becoming an important symbol of crypto culture. Currently, Dogecoin's market capitalization has reached an astonishing $36 billion.

With the ETF set to launch, market attention on Dogecoin has significantly increased. In the past week, the price of Dogecoin has risen by 17%. Analysts expect that the price volatility of Dogecoin may further intensify in the weeks following the official listing of the ETF.

The launch of this ETF not only marks an important step for memecoins into the mainstream financial market but also reflects the gradual shift in the regulatory agencies' attitude towards Crypto Assets. It provides investors with a new, regulated way to access this unique digital asset class, while also paving the way for further development and normalization of the Crypto Assets ecosystem.