Organisers said in a statement they would follow New York Covid-19 testing guidelines and protocols. The statement said New York State limits indoor arenas to 10 per cent capacity.
The ceremony will be livestreamed on DMX's YouTube channel, below:
No details were given about who might be appearing, performing or speaking.
DMX, whose birth name is Earl Simmons, died on April 9 after suffering a "catastrophic cardiac arrest". He spent several days on life support after being rushed to a New York hospital from his home on April 2.
The 50-year-old Grammy-nominated rapper delivered iconic hip-hop songs such as "Ruff Ryders' Anthem" and "Party Up (Up in Here)."
He also starred in several films including "Belly" and "Romeo Must Die."
DMX was a father of 15 children.
- With AP