Dogecoin buyers simply acquired a brand new solution to acquire publicity as 21Shares launched its first-ever leveraged DOGE ETF, accredited for Nasdaq itemizing and unveiled alongside its acquisition by FalconX.
Key Takeaways
- 21Shares launched a 2x Lengthy Dogecoin ETF (TXXD) which goals to ship twice the each day efficiency of Dogecoin earlier than charges and bills.
- Nasdaq accredited the ETF for itemizing, marking a milestone for DOGE-focused alternate traded merchandise.
- FalconX has acquired 21Shares, combining its institutional buying and selling platform with 21Shares’ ETF experience.
- Regulators are nonetheless reviewing non-leveraged DOGE ETFs, with Grayscale anticipated to debut its personal quickly.
What Occurred?
On November 18, Nasdaq accredited the itemizing of 21Shares’ 2x Lengthy Dogecoin ETF, formally known as TXXD, simply because the crypto asset supervisor accomplished its acquisition by FalconX. The fund presents leveraged publicity to Dogecoin’s worth actions and is tailor-made for short-term, high-risk merchants. Whereas the leveraged fund has begun buying and selling, 21Shares additionally has a non-leveraged DOGE ETF utility nonetheless underneath assessment by the U.S. Securities and Alternate Fee.
🚨21SHARES LISTS NEW ETPs ON NASDAQ STOCKHOLM
21Shares simply listed 16 new crypto ETPs on Nasdaq Stockholm together with $AAVE, $ADA, $LINK, $DOT, plus two crypto index baskets HODL & HODLX. pic.twitter.com/XRc9TcgP94
— Coin Bureau (@coinbureau) November 20, 2025
21Shares Launches Dogecoin ETF on Nasdaq
Nasdaq confirmed the approval of the ETF utility filed by Listed Funds Belief for 21Shares on November 18. The ETF started buying and selling on the alternate, permitting buyers to realize twice the each day worth efficiency of Dogecoin. The applying was processed by Type 8-A 12(b), with Nasdaq confirming itemizing rights through official correspondence to the SEC.
Michael Friedman, Director of U.S. Capital Markets at 21Shares, known as this launch a milestone of their product improvement. He stated:
The fund shouldn’t be solely leveraged and high-risk but additionally short-term in design. Like different related ETFs, it’s focused at merchants with a better threat tolerance. The ETF was developed in collaboration with Home of Doge, the business arm of the Dogecoin Basis. The 2 corporations beforehand launched a Dogecoin alternate traded product on Switzerland’s SIX Swiss Alternate and collectively filed for a U.S.-based DOGE ETF earlier this 12 months.
FalconX Completes Acquisition of 21Shares
FalconX, a number one digital asset prime brokerage, has finalized its acquisition of 21Shares. The deal is anticipated to spice up FalconX’s capacity to ship a full spectrum of crypto funding merchandise by combining its buying and selling and risk management infrastructure with 21Shares’ ETF improvement.
Regardless of the acquisition, 21Shares will proceed to function independently, led by CEO Russell Barlow. The agency stays centered on increasing its crypto ETF choices, which already embody merchandise for Bitcoin, Ethereum, and Solana.
FalconX has been increasing aggressively in 2025. It beforehand acquired Arbelos Markets, which centered on crypto derivatives, and invested in Monarq Asset Administration to develop its energetic asset administration methods.
Altcoin ETFs Achieve Momentum
The DOGE ETF joins a flurry of altcoin fund launches. Bitwise and VanEck lately launched Solana ETFs, whereas Canary Capital launched an XRP-focused fund. The market can also be awaiting Grayscale’s non-leveraged Dogecoin ETF, prone to debut subsequent week. Moreover, Rex-Osprey launched its personal DOGE ETF through a Cayman Islands construction in September and has utilized for a leveraged DOGE fund.
This rise in ETF merchandise displays rising market demand for diversified crypto funding automobiles past Bitcoin and Ethereum. With Dogecoin boasting a market cap of over $23 billion, curiosity stays robust regardless of the token buying and selling almost 78% beneath its 2021 all-time excessive of $0.73.
CoinLaw’s Takeaway
In my expertise watching crypto markets mature, this sort of ETF launch tells us that memecoins like Dogecoin are actually moving into severe territory. The Nasdaq itemizing, the FalconX acquisition, and the institutional consideration all replicate a main shift in how conventional finance is treating crypto. Certain, leveraged ETFs are dangerous, however their very existence proves there’s huge cash prepared to again them. I discovered it particularly attention-grabbing that Home of Doge and 21Shares are forming constant product methods globally, which may imply Dogecoin is laying foundations to be greater than a joke coin.
