21Shares Launches Dogecoin ETF On NASDAQ

Swiss investment firm 21Shares has officially launched the 21Shares Dogecoin ETF (TDOG) on NASDAQ, giving investors direct exposure to Dogecoin without the need for crypto wallets or trading on exchanges.

As announced on Thursday, the exchange-traded fund (ETF) is fully backed, holding Dogecoin on a 1:1 basis in institutional custody. TDOG tracks the spot price of DOGE using the CF Dogecoin-Dollar US Settlement Price Index.

The ETF allows both retail and institutional investors to buy and sell shares using standard brokerage accounts. It charges a 0.50% annual management fee, which is counted every day and paid weekly in DOGE.

For security, the Dogecoin is stored with multiple companies, including Coinbase Custody Trust, Anchorage Digital Bank, and BitGo, while Bank of New York Mellon serves as administrator, cash custodian, and transfer agent. This setup is employed to reduce counterparty risk for investors.

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