Dogecoin is getting its own regulated investment vehicle in Europe, thanks to a new move by 21Shares.
The asset management firm has partnered with the Dogecoin Foundation to launch an exchange-traded product (ETP) dedicated entirely to DOGE—marking the first time the foundation has officially backed such a financial product.
Set to trade on Switzerland’s SIX exchange, the product is fully collateralized with actual Dogecoin holdings and comes with a 2.5% annual management fee.
Unlike many other crypto ETPs currently awaiting regulatory review, this one is already cleared for launch, giving investors a streamlined, institutional path into one of crypto’s most recognizable names.
What started as an internet parody in 2013 has transformed into a cultural icon—and now, an asset with institutional-grade exposure.
Duncan Moir of 21Shares described the offering as a gateway for traditional investors to tap into the DOGE community, which he believes has grown into a broader movement blending finance and internet culture. According to Moir, the partnership with the Dogecoin Foundation ensures legitimacy and a direct link to the coin’s ecosystem.
The announcement comes amid a wider push for altcoin-based ETFs following the approval of Bitcoin and Ethereum spot funds in the U.S., but DOGE has taken a unique lead thanks to this formal collaboration and ready-to-go product in Europe.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/21shares-launches-europes-first-dogecoin-etp/