Dogecoin ETF on the Horizon!

Eric Balchunas says REX Shares may launch the first US Dogecoin ETF as early as next week.

Author

Danielle du Toit
September 05, 2025

Here's what we've got for you today:

  • Dogecoin May See First-Ever ETF Launch Next Week: Analyst

  • Public Companies Now Hold Over One Million Bitcoin

  • NFTs ‘Heating Up’ as Nightclubs, Rappers Jump Back on Bandwagon

  • Bunni Cites Smart Contract Rounding Error for $8.4 Million Flash Loan Exploit

The first US Dogecoin ETF could launch next week through REX Shares’ 40 Act route.

  • Bloomberg analyst Eric Balchunas says REX Shares may launch the first US Dogecoin ETF as early as next week via the Investment Company Act of 1940.

  • Unlike traditional crypto ETFs that require Form S-1 and 19b-4 filings, the 40 Act provides an alternative regulatory pathway that was also used by REX for its Solana staking ETF.

  • REX’s prospectus did, however, warn of Dogecoin’s extreme volatility and risks, while ETF Store president Nate Geraci called the approach a “regulatory end-around.”

🪙 Public Companies Now Hold Over One Million Bitcoin

Public companies hold over 1 million Bitcoin worth $111 billion, led by Strategy.

  • Public companies now collectively hold over 1 million BTC, worth more than $111 billion, according to BitcoinTreasuries.NET.

  • Strategy is the dominant corporate holder with 636,505 BTC, while MARA, XXI, and Bitcoin Standard Company are closing the gap among major adopters.

  • Other large holders include Bullish, Metaplanet, Riot Platforms, Trump Media & Technology Group, CleanSpark, and Coinbase.

NFT trading volumes hit their highest levels of 2025, driven by rising adoption and collectors paying more per sale despite fewer assets changing hands.

  • The NFT market had its two strongest months since February, with trading volumes climbing 9% while sales counts fell 4%. This means that collectors are paying more per asset.

  • CoinGecko data also shows that NFT volumes surged over 25% in the last 24 hours, hitting $7.9 million.

  • Adoption is fueling the resurgence, with initiatives like Ibiza’s Hï nightclub launching a permanent NFT art gallery featuring artists like Beeple and Mad Dog Jones.

Bunni’s post-mortem reveals a rounding error in its smart contract enabled a $8.4M flash loan exploit that affected pools on Ethereum and Unichain.

  • Bunni released a post-mortem report on Tuesday’s $8.4M exploit, which impacted the weETH/ETH pool on Unichain and the USDC/USDT pool on Ethereum mainnet.

  • The vulnerability stemmed from a rounding error in the smart contract’s withdrawal logic, leading to incorrect liquidity decreases.

  • The attackers leveraged the flaw to execute a flash loan exploit, manipulating pool prices and draining liquidity.

👀 QUICK NEWS

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