21Shares has launched an additional Dogecoin-related exchange-traded fund, expanding the cryptocurrency’s presence in well-established financial markets. The 21Shares Dogecoin ETF, which is traded on Nasdaq under the code TDOG, is physically backed by DOGE.
Executives from the company cited Dogecoin’s robust worldwide community and expanding practical applications as justifications for the launch. However, compared to Bitcoin and Ethereum ETFs, institutional interest for memecoin-based products is still far lower.
Even while the overall market is still hesitant, the ETF demonstrates that issuers are prepared to test investor demand in specialised cryptocurrency assets.
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