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Dogecoin Set For Wall Street Spotlight As ETF Nears Launch And Mining Booms

Dogecoin Set For Wall Street Spotlight As ETF Nears Launch And Mining Booms

Dogecoin is making fresh headlines as a Dogecoin exchange-traded fund (ETF) could debut in the United States as soon as next week, coinciding with major Dogecoin mining investments from a Trump Jr.-connected company and a $175 million institutional treasury play. These developments spotlight Dogecoin's growing role beyond its meme-coin origins.

Key Takeaways

  • Dogecoin ETF may launch next week in the US, following an alternative regulatory route.
  • Trump Jr.-linked Thumzup pivots to large-scale Dogecoin mining, anticipating up to $103M in annual revenue.
  • CleanCore raises $175M to establish a significant Dogecoin treasury for payments and tokenization advancement.

Dogecoin ETF Nears U.S. Launch

Analysts predict the Dogecoin ETF could begin trading imminently, as ETF issuer REX Shares moves forward after filing an effective prospectus with the Securities and Exchange Commission (SEC). This potential Dogecoin ETF will track the cryptocurrency using a route previously used for Solana and sidesteps some traditional regulatory hurdles.

Most crypto ETFs await SEC approval via S-1 and 19b-4 forms, but REX Shares is pursuing an approach under the Investment Company Act of 1940 (the "40 Act"). This strategic routing could fast-track Dogecoin’s arrival in mainstream financial products, even as other applicants like 21Shares, Bitwise, and Grayscale are still queued up for regulatory decisions.

Despite regulatory caveats noted in filings—including price volatility and inherent risks—Dogecoin has more than doubled over the past year, although it remains well off its 2024 peak.

Trump Jr.-Linked Company Bets Big On Mining

Media and technology firm Thumzup, which now counts Donald Trump Jr. as a major shareholder, has unveiled plans to acquire and operate 3,500 Dogecoin mining rigs. The company expects annual revenue to reach over $100 million if Dogecoin’s price hits $1, and even at current prices, estimated revenues top $22 million.

Thumzup's pivot from adtech to cryptocurrency mining, through the acquisition of DogeHash Technologies, will see the combined company relisted as Dogehash Technologies Holdings under the ticker XDOG. Their strategy positions them among the few utility-scale, publicly traded Dogecoin miners. The broader crypto mining sector itself is projected to more than double in size by 2035.

Notably, Dogecoin mining profitability has outpaced that of Bitcoin, fueling enthusiasm in institutional adoption and public company involvement.

CleanCore Establishes $175M Dogecoin Treasury

In another sign of institutional confidence, CleanCore Solutions secured $175 million via private placement to create a dedicated Dogecoin treasury—endorsed by anchor investors and the Dogecoin Foundation. This Treasury aims to position Dogecoin as a legitimate reserve asset, supporting not just trading but also real-world payments and potential yield-generating mechanisms.

With the move, CleanCore’s board now includes high-profile legal and cryptocurrency figures. The company joins a wave of public firms diversifying from Bitcoin into alternative assets, signaling maturation in the crypto treasury management sector.

These developments reflect Dogecoin’s evolution from an internet meme to a serious asset with increasing participation from institutions, public companies, and Wall Street.

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