Keynote
21 shares floated a new Dogecoin ETP under the ticker Doge in Swiss exchange of six. Investors now have access to Dogecoin through traditional brokers and banks.
Memecoin Dogecoin backed by Elon Musk
Doge
$0.16
24-hour volatility:
0.2%
Market Cap:
$23.43 b
Vol. 24H:
$465.52 m
I’m making headings again. 21Shares has launched its first ever Dogecoin Exchange-Traded product (ETP). The move brings meme-inspired digital assets to the regulated financial world. In particular, this makes it easier for traditional investors to touch Dogecoin without using crypto exchanges.
Dogecoin enters traditional finance through ETP launch
According to a 21Shares announcement, the Zurich financial institution has launched Dogecoin ETP with Six Swiss Exchange under Doge Ticker. This product offers investors a new way to buy dog ​​coins without holding cryptocurrency.
It is worth noting that this new development comes after 21 shares filed a Dogecoin ETF with the US Securities and Exchange Commission (SEC). According to the submission, asset managers want to track Doge’s performance without leveraging or derivatives.
As the company detailed, the launch of this ETP allows investors to invest in Memocoin through regular banks and brokers, just like they do with stocks and ETFs. Each share of the ETP is supported by actual dogcoins in custody to ensure transparency and trust of investors.
From memes to mainstream: Dogecoin has its own ETP.
At 21Shares, we are proud to be the first to offer DogeCoin ETP approved by @DogeCoinfdn, allowing investors to access their beloved $Doge Asset.
This is what appears to be when culture and finance converge. …pic.twitter.com/in2vqseom9
– 21 shares (@21shares) April 18, 2025
The company has publicly announced that the launch has become possible through partnerships with the House of Doge and the Dogecoin Foundation. The foundation, which has been leading currency since 2014, is adding reliability to its products.
It is important to note that the Foundation supports Dogecoin’s community projects and philanthropy. That involvement now indicates that the coin is in a more serious phase.
Since its announcement, X’s Crypto community has been bustling with mixed opinions. Some people celebrated the news and viewed it as a great victory for Dogecoin’s future.
However, others raised concerns about how financial instruments like ETP would align with Dogecoin’s original decentralization mission. Despite these arguments, most people agree that the launch is a key milestone for the biggest memocoin.
Doge Price responds to ETP debut
In a previous update, Coin Speaker reported that Dogecoin whales purchased over 800 million Doges in two days, promoting bullish sentiment. The accumulation, worth more than $128 million, led to Dogecoin’s growing optimistic forecast amid rising adoption.
Following the ETP announcement, CoinmarketCap data showed Dogecoin was trading at around $0.1555, up 0.59% in 24 hours. The trading volume exceeded $559 million, but there was a 21% drawdown over the same period.
Market participants are looking closely to see how this 21 share product affects prices.
Based on general market perceptions, easy access to dogcoins through traditional finance can increase demand and promote price gatherings. However, the crypto market is unpredictable and changes in market sentiment could potentially tilt the price of coins
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Benjamin Godfrey is a blockchain enthusiast and journalist who writes about real-life applications of blockchain technology and innovation, promoting general acceptance and global integration of emerging technologies worldwide. His desire to educate people about cryptocurrency inspires his contributions to well-known blockchain media and sites.
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