Odaily Information: Cryptocurrency asset administration agency 21Shares has launched a brand new Dogecoin (DOGE) ETF, additional integrating the meme coin into the standard monetary system. The ETF started buying and selling on Nasdaq on Thursday underneath the ticker image TDOG.
21Shares acknowledged that that is the most recent addition to its crypto ETF product line, following earlier launches of ETFs associated to Bitcoin, Ethereum, Solana, and XRP. The corporate additionally emphasised that it’s the solely ETF issuer endorsed by the Home of Doge, an establishment underneath the Dogecoin Basis.
Regardless of this, general market demand for meme coin ETFs stays comparatively restrained. Information reveals that the primary U.S. Dogecoin ETF was launched in September final 12 months, with cumulative buying and selling quantity reaching roughly $200 million thus far, indicating that Wall Street’s curiosity in allocating to meme cash continues to be restricted.
21Shares acknowledged that TDOG goals to supply buyers with a compliant, physically-backed funding channel for DOGE, decreasing the barrier to entry by way of the ETF construction. The Dogecoin Basis added that this product will assist promote the additional adoption of Dogecoin inside mature monetary frameworks.
