Following the approval of Bitcoin and Ethereum ETFs in the US, several altcoins, including XRP, Solana, and Dogecoin, have seen spot ETF applications filed. While many are currently under SEC review, a significant development for Dogecoin comes from digital asset management firm 21Shares.

21Shares has announced the launch of its Dogecoin Exchange-Traded Product (ETP), backed by the Dogecoin Foundation. This DOGE ETP will be listed on the Swiss SIX exchange, marking the first and only Dogecoin ETP endorsed by the Dogecoin Foundation.

21Shares aims to provide regulated institutional access to Dogecoin, a cryptocurrency originating as a lighthearted project in 2013.

Duncan Moir, Chairman of 21Shares, stated: “Through this exclusive partnership with the Dogecoin Foundation, we offer investors the most direct and accessible route to participate in the Dogecoin ecosystem. Dogecoin has evolved beyond a simple cryptocurrency; it embodies a cultural and financial movement driving mainstream adoption, and our DOGE ETP provides a regulated pathway for investors to engage with this exciting project.” Moir added that the ETP is 100% physically backed by actual DOGE assets and carries a 2.5% management fee.

*This is not investment advice.