DOGE ETF To Launch as First US Fund to Hold Asset With ‘No Utility’

In brief Bloomberg analyst Eric Balchunas calls Rex-Osprey DOJE the first US ETF to hold an asset with “no utility on purpose.” ETF filed under the Investment Company Act of 1940 instead of the Securities Act of 193, like other crypto ETF filings. Initial institutional adoption is initially, but market cap growth could attract attention,...