Rex-Osprey introduced the DOJE ETF, the first U.S. ETF providing exposure to Dogecoin, which saw significant interest with $17 million in trading volume on its launch day, ranking it among the top five ETF rollouts for the year. Building on this momentum, Rex-Osprey has filed to launch the REX DOJE Growth & Income ETF, designed to offer 1-1.5x leveraged exposure to DOJE, in addition to generating weekly distributions for investors. This leveraged ETF aims to use a combination of direct Dogecoin investment, covered call strategies, and short-term treasuries or money market funds for income. The firm warns that this leveraged strategy carries increased risks, emphasizing suitability for knowledgeable investors who can closely monitor their investments. It highlights that any flat performance in DOJE could lead to losses in the leveraged ETF, stressing the unique nature and risks associated with leveraged funds. Comparatively, the first cryptocurrency ETF offering exposure to XRP debuted successfully, pulling in nearly $38 million, underscoring a clear demand for altcoin exposure among investors.

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