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- A new Dogecoin ETP is going live in Europe as sponsored by 21Shares.
- Full-blown spot DOGE ETFs are anticipated in the United States.
Popular asset manager 21Shares has made history by launching Europe’s first Dogecoin (DOGE) Exchange-Traded Product (ETP). 21Shares collaborated with the House of Doge to create the only DOGE ETP endorsed by the Dogecoin Foundation.
Dogecoin ETP to Debut on SIX Swiss Exchange
According to the announcement, the 21Shares Dogecoin ETP with the DOGE ticker is scheduled to go live on Europe’s SIX Swiss exchange. The product is backed physically 100%, providing investors with a sure way to gain exposure to Dogecoin through traditional financial channels. Additionally, 21Shares will charge investors a 2.5% management fee.
The new DOGE ETP will empower new types of investors to participate in the Dogecoin ecosystem. Therefore, the product will help to reinforce Dogecoin’s role as a leader in the future of digital assets.
Advisory Board Member at House of Doge Jens Wiechers said institutional support and corporate partnerships are essential for Dogecoin to reach its full potential as a global currency. He added that 21Shares DOGE ETP provides a regulated path for institutions to participate in the ‘Dogecoin is Money’ vision.
“Global adoption is critical, and we’re excited to take this next step – ensuring Dogecoin stays fun, but gains the credibility and backing needed to thrive at scale,” he concluded.
Dogecoin launched in 2013 as a light-hearted alternative to Bitcoin. However, it has become one of the most widely recognized and accessible cryptocurrencies. The memecoin is known for its low fees, fast transaction speeds, and increasing merchant adoption. Leading brands like Microsoft and AMC Theatres already accept Dogecoin as a payment method.
In a recent study, we reported, Cardano Founder Charles Hoskinson proposed that Elon Musk integrate Dogecoin on social media X, formerly Twitter. Hoskinson mentioned that an old Bitcoin 2 roadmap he had written years ago could form the base for DOGE’s inclusion on X.
Besides its technical advantages, Dogecoin has built a highly engaged and socially impactful community. Supporters of the memecoin have also helped to drive initiatives ranging from charitable fundraising to financial accessibility efforts.
How Soon Will a DOGE ETF Launch?
Meanwhile, talks about a potential Dogecoin Exchange-Traded Fund (ETF) approval are growing in the crypto market. As previously mentioned in our report, this follows filings from asset managers like Bitwise, Rex Shares, and Osprey Funds.
Bloomberg Senior ETF Analysts Eric Balchunas and James Seyffart have predicted that the SEC will likely recognize these filings. With a pro-crypto administration under Donald Trump, market participants are optimistic about a possible DOGE ETF launch this year.
Furthermore, the launch of the first XRP ETF in the US has sparked expectations for a DOGE ETF soon. However, the price of DOGE has yet to reflect the excitement about the ETP launch. DOGE’s price is currently trading at $0.145, down 3.35% from the previous day.
