Bloomberg analyst Eric Balchunas said the first US exchange-traded fund linked directly to Dogecoin will debut Thursday, Sept. 11.

In a Sept. 9 update on X, he said Rex-Osprey’s planned DOGE ETF (ticker: DOJE) signals the start of what he described as the “memecoin ETF era.”

Balchunas emphasized the fund’s unusual nature, noting that it would be the first U.S. ETF designed to hold an asset “with no utility on purpose.”

DOJE ETF

This development comes barely a week after Rex-Osprey filed for the ETF product with the US Securities and Exchange Commission (SEC).

The quick turnaround can be linked to the fact that DOJE was registered under the Investment Company Act of 1940, a strategy that speeds up approval compared with the traditional 19b-4 process required for spot crypto ETFs.

Under this approach, the fund is structured as a C-corporation that provides DOGE exposure through a Cayman Islands subsidiary.

Notably, the same framework was used for its Staking Solana Fund (SSK), giving the firm a track record of navigating the structure.

However, this setup often draws skepticism from some investors who cite concerns about potential double taxation.

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Nonetheless, this approach would allow an issuer to move quickly, while rivals might remain in the queue because they apply through the Securities Act of 1933 route.

DOGE treasury firm

The ETF development coincides with a major corporation adopting Dogecoin for its digital asset treasury initiative.

On Sept. 8, CleanCore Solutions, Inc., a company listed on the NYSE American exchange, revealed that it purchased 285.4 million DOGE valued at $68 million. This transaction made CleanCore the largest Dogecoin treasury holder to date.

CleanCore said the purchase is the first stage in a plan to accumulate one billion DOGE within 30 days and ultimately secure 5% of the token’s circulating supply.

The Dogecoin Foundation and its corporate arm, House of Doge, backed the initiative. Their strategy positions DOGE as a digital asset for payments, tokenization projects, staking-style products, and cross-border transfers.

To provide custody and execution for the new treasury, the House of Doge also announced a partnership with Bitstamp USA, which now operates under Robinhood (NASDAQ: HOOD). Under the agreement, the Official Dogecoin Treasury will be managed on Bitstamp by Robinhood’s platform.

According to the partners, this setup is intended to strengthen transparency and stability while laying the foundation for yield-bearing products that could expand Dogecoin’s role in mainstream finance

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Senior Bloomberg analyst Eric Balchunas says that BlackRock’s Bitcoin (BTC) exchange-traded fund has surpassed the $80 billion landmark faster than any ETF in history.

In a new thread on the social media platform X, Balchunas says that the iShares Bitcoin Trust ETF (IBIT) is now worth $83 billion, the 21st largest ETF overall.

“IBIT blew through the $80 billion mark [on Friday], fastest ETF to get there in 374 days, about 5x faster than the previous record, held by VOO, which did it in 1,814 days.”

Balchunas goes on to note that Bitcoin’s rallies are heavily contributing to the total assets of all the existing BTC-based ETFs.

“Total assets for all the spot Bitcoin ETFs crossed $140 billion for first time as well.. They took in over $1 billion last night but it was really the big move up in price that is doing most of the heavy lifting here.”

He also notes that BlackRock’s Ethereum (ETH)-based ETF (ETHA) had one of its best weeks yet, busting into the top 10 in terms of inflows.

“Don’t look now, but ETHA took the 6th spot on the weekly flow leaderboard. Hanging with the big dogs for the first time. $675 million in a week is no joke, although still living in BTC’s shadow with IBIT grabbing an absurd $1.7 billion.”

BTC and IBIT are trading for $122,260 and $67.21 at time of writing, respectively, while ETH and ETHA are valued at $3,031 and $22.80.

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Binance founder Changpeng Zhao or CZ threatened to sue news agency Bloomberg for a second time over its report alleging links between the exchange and the USD1 stablecoin.

In an X post on Friday, CZ called the article “another hit piece” that was “sponsored by a competitor,” without explicitly naming the competitor. He dismissed it as a report meant to sow fear, uncertainty, and doubt, popularly referred to in crypto lingo as FUD.

CZ stated that the Bloomberg report contains “so many factual errors I don’t even know where to begin,” adding:

“Might have to sue them again for defamation.”

The contentious Bloomberg report

At the center of CZ’s legal threat is a Bloomberg report published on Friday. Citing three anonymous sources, the report alleged that Binance had developed the basic smart contract code that powers the USD1 stablecoin.

World Liberty Financial, a crypto firm linked to U.S. President Donald Trump and his sons, launched USD1 on May 22. The same day, The Wall Street Journal published a report claiming that CZ was playing the role of a ‘fixer,’ introducing the World Liberty Financial team to international dignitaries. CZ denied the claims in the report.

The launch of USD1 came nearly a month after World Liberty Financial founders met with CZ amid a global adoption push. Soon after, an Abu Dhabi-based firm made a $2 billion investment in Binance, which was settled using USD1. The Bloomberg report further claimed that nearly 90% of all USD1 remains in Binance’s wallets, potentially generating tens of millions of dollars in interest for the Trump family.

Soon after the Binance deal involving USD1, CZ sought a pardon from Trump. CZ was convicted and was released after four months in prison last year for failing to maintain appropriate guardrails on Binance to prevent money laundering.

The Bloomberg article claimed that CZ’s expectation of a pardon amid Binance’s close ties to World Liberty Financial raises questions of conflict of interest.

It is worth noting that the crypto community is overwhelmingly in support of CZ, with most users urging CZ to go ahead with the defamation lawsuit against Bloomberg.

CZ’s lawsuits against Bloomberg and other media

CZ has sued media agencies multiple times before. He sued Modern Media, a Hong Kong publisher for Bloomberg, for its July 6, 2022 magazine article alleging that CZ was operating a ponzi scheme. It’s worth noting that Bloomberg itself was not a party in the lawsuit.

In July last year, Modern Media issued an apology to CZ and Binance after it lost a two-year long legal battle. The news agency retracted the report titled “Changpeng Zhao’s Ponzi Scheme,” calling the headline “false and baseless.” At the time, Modern Media agreed to donate an agreed sum in lieu of paying damages.

Prior to the 2022 lawsuit, CZ had also sued Forbes in 2020 for a report alleging that Binance facilitated money laundering and deceived financial regulators. CZ, however, dropped the lawsuit in 2021. In 2022, Binance made a $200 million investment in Forbes.

CZ has also denied claims by other media outlets before. In April, CZ refuted a Wall Street Journal report alleging that he had agreed to testify against Tron founder Justin Sun as a smear campaign.

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The U.S. Secret Service, better known for protecting American presidents, has emerged as a major force in the fight against cryptocurrency crime, Bloomberg reported on Saturday.

Through its Global Investigative Operations Center (GIOC), the agency has seized nearly $400 million in digital assets over the past decade. Much of that sits in a single cold wallet that is now among the most valuable globally.

With digital fraud driving a majority of internet crime in the U.S., losses tied to crypto scams reached $9.3 billion in 2024, FBI data show. Investment frauds, fake platforms and extortion schemes disproportionately affect older victims, who lost nearly $2.8 billion last year. The GIOC uses open-source tools, subpoenas and blockchain analysis to trace stolen funds.

Led by attorney Kali Smith, the unit trains law enforcement globally, targeting jurisdictions vulnerable to lax oversight. A recent workshop in Bermuda underscored the risks facing crypto-friendly regions. Industry partners like Coinbase and Tether have assisted in large-scale recoveries, including $225 million in USDT tied to romance-investment scams.

“This training is part of our mission,” said Patrick Freaney, head of the New York field office. “We’ve been following the money for 160 years.”

CORRECT (July 7, 08:43 UTC): Corrects that the Bloomberg report was published on Saturday, not Monday.

Leading analysts at Bloomberg ETF, Eric Bartunas and James Seyfert believe that the approved U.S. Securities and Exchange Commission (SEC) odds for the Spot Exchange Commission (ETF) for Solana, Litecoin and XRP have skyrocketed to an unprecedented 95% in 2025.

Could this be a transformational moment for altcoins and open a flood for institutional and retail investors seeking regulated exposure beyond Big 2 Bitcoin and Ethereum?

On June 30, 2025, Seyffart took him to X and said the duo was hoping for a “new wave of ETFs in the second half of 2025.”

The first US Solana Staking ETF will be released tomorrow, June 2, 2025. In particular, decisions for over 70 Crypto ETFs remained behind.

With the exception of CFTC-approved futures, we are trying to figure out what can enter the SEC framework, except we have looked into some potential data points. In this link for Bloomberg Terminal Client you can see the whole note and our midlife outlook: https://t.co/7c0bo3oei3 pic.twitter.com/y9cccdnagf

– James Seyfert (@jseyff) June 30, 2025

Explore: Top Solanamime Coins to buy in July 2025

“The SEC is preparing for a wave of new crypto ETFs,” a Bloomberg analyst said.

Balchunas and Seyffart’s optimism is rooted in changing regulatory attitudes and increasing market maturity. A June 1, 2025 analysis shared by X suggests that the SEC is preparing for a “new wave of cryptographic ETFs” in the second half of 2025.

On July 1, 2025, Balchunas went to X and said “.”Tuttle (Capital Management) submitted an amendment on July 16th to change the effective date of a doubled bundle of Crypto/Meme ETFs. It doesn’t mean they will start up, but usually effective dates are the same as when the ETF is started up. $ ssk Go to MKT and you’ll see others pushing. We see THO. ”

Tuttle has submitted an amendment that will change the effective date for the double Crypto/Meme ETF bundle to July 16th. It doesn’t mean they will start up, but usually effective dates are the same as when the ETF is started up. $ ssk Go to MKT and you’ll see others pushing. We meet tho. pic.twitter.com/ioskgid6gg

– Eric Balchunas (@ericbalchunas) July 1, 2025

Furthermore, he turned his attention to the related multi-layered controversy, he said, “Rex Solana ETF $ ssk (the launch of TMRW) sparked the Polymerk controversy. In the comments, the comments are angry. Polymarket had to weigh it and say it was important. ”

Rex Solana ETF $ ssk (the launch of TMRW) sparked the Polymerk controversy. In the comments, the comments are angry. Polymarket had to weigh it and say it was important. pic.twitter.com/cfrsf52fjz

– Eric Balchunas (@ericbalchunas) July 1, 2025

Explore: 9+ Best High Risk, High Release Crypto Buy in July 2025

Crypto ETF attracts net inflows of $3.69 billion

Investors poured a whopping $3.69 billion in net inflow into crypto ETFs. Importantly, this marks the first month of positive net inflows in 2025.

Additionally, cumulative net inflows for 2025 reached $5.99 billion by the end of April, marking the second highest record. The figure follows a record $42.333 billion, more than the 2024 record $2.69 billion.

There are 304 cryptographic ETPs with a global list of 756. Interestingly, April alone has introduced 23 new digital assets ETPs.

Global assets (AUM) under the control of Crypto ETFS were $1462.7 billion at the end of April. This was the fourth highest level ever. This is just below the SE’s all-time high of $1709.4 billion in January 2025.

Despite the new capital inflow, Crypto ETF AUM fell 3.8% from $1521 billion at the end of December 2024.

Explore: Top 20 Cryptos to Buy in July 2025

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Litecoin (LTC), XRP and Solana (SOL) exchange-traded fund (ETF) applications all have overwhelming odds of approval this year, according to Bloomberg ETF analysts.

James Seyffart and Eric Balchunas now say on the social media platform X that those three altcoins have a 95% chance of securing ETFs in 2025.

They also give potential Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT), Hedera (HBAR) and Avalanche (AVAX) ETFs a 90% chance of approval.

A Sui (SUI) ETF application from the crypto asset manager Canary Capital has slightly lower odds, at 60%, and a Canary Tron (TRX) bid doesn’t have any chance in 2025, according to the analysts.

Seyffart also notes that Ethereum (ETH) staking ETFs are also “extremely likely” to be approved in 2025.

Numerous other ETF applications have been filed for potential funds based on Axelar (AXL), BNB, Aptos (APT), Chainlink (LINK), Pudgy Penguins (PENGU), Official Trump (TRUMP), Melania (MELANIA) and Bonk (BONK).

Other potential new ETFs are tied to a basket of currencies, and a few are based on Bitcoin (BTC) and/or Ethereum, assets that have already been approved for inclusion in other spot ETFs.

The SEC greenlit the first spot market Bitcoin ETFs in January 2024, bringing in billions of dollars worth of inflows to the top digital asset by market cap. The regulator subsequently approved Ethereum ETFs for trading last July.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Bloomberg analysts have sharply increased the likelihood of U.S. regulators approving a new wave of cryptocurrency exchange-traded funds, pointing to a friendlier stance from the Securities and Exchange Commission (SEC).

Bloomberg senior ETF analysts Eric Balchunas and James Seyffart said on June 20 that they now see a “90% or higher” chance that a broad range of crypto ETFs will win regulatory approval.

Altcoin funds

The revised forecast follows what the pair described as constructive discussions between the SEC and asset managers seeking to expand beyond Bitcoin.

They also indicated that the SEC likely considers cryptocurrencies such as Litecoin, Solana, XRP, Dogecoin, and Cardano to be commodities, a classification that generally places them outside the commission’s direct oversight as securities.

The surge in optimism comes after the SEC recently asked several issuers pursuing spot Solana ETFs to update their filings with clearer details on in-kind redemptions and whether staking would be allowed.

The move prompted some firms that had yet to file applications for Solana ETFs to fast-track their submissions last week.

The requested changes, submitted in mid-June, signal that the SEC is actively reviewing the structure and mechanics of these funds, further supporting expectations of eventual approval. The regulator intends to respond within 30 days, raising expectations of approval within the next four to five weeks.

ETF performance

Crypto ETFs are expected to become a mainstay of the financial industry after spot Bitcoin ETFs set records for capital inflows.

BlackRock’s iShares Bitcoin Trust, trading under the ticker IBIT, surpassed $70 billion in assets earlier this month, less than a year after its launch. The product’s consistent daily inflows have made it one of the fastest-growing ETFs in U.S. history.

Despite this, similar products tracking Ethereum have faced slower uptake. While Ether ETFs launched last July, blockchain analytics show many investors remain at a loss compared to their entry price.

With momentum building, fund issuers including Franklin Templeton have filed proposals for ETFs tied to other crypto assets like XRP and Solana. These applications are now open for public feedback as the SEC weighs its next moves.

Though Balchunas and Seyffart expect approvals, they cautioned that final green lights and market debuts could still be several months away.

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According to Bloomberg analysts James Seyfert and Eric Balknath, their respective deadlines add up the possibility that the Securities and Exchange Commission has approved most of the funds traded on filed crypto exchanges, including various XRP ETFs.

“We’ve raised the majority of the majority of SPOT Crypto ETF filings to over 90%,” said James Sefert of Bloomberg Intelligence in a post in X.

According to analysts, ETFs for assets such as Litecoin, Solana, XRP, Dogecoin and Cardano all sit above the 90% mark.

These estimates reflect an increasing optimism from ETF experts following the 19B-4 acknowledgements and a wave of S-1 amendment requests from the Securities and Exchange Commission.

Analysts view this before and after process as a signal that the SEC is willing to work with the issuer now.

The only assets behind are SUIs submitted by Canary only. Bloomberg has assigned a 60% chance of approval, citing regulated futures and lack of regulatory uncertainty.

Polymarket bettors are also optimistic.

They give the XRP ETF a 98% chance that it will be approved this year, giving the Sol ETF a 91% chance to win green light. It is also possible that Doge ETF has got Go-Amead and bettors are giving a 71% chance.