21Shares has listed a Dogecoin ETP (Exchange Traded Product) on the Swiss Stock Exchange with the "DOGE" ticker.
This launch significantly enhances the legitimacy of the meme coin. It is also the first Dogecoin ETP approved by the Dogecoin Foundation.
21Shares Lists DOGE ETP in Europe
This financial product, named 21Shares Dogecoin ETP (ISIN: CH1431521033), is supported through an exclusive partnership with the House of Doge. Duncan Moir, President of 21Shares, described this listing as more than just a financial product.
"Dogecoin has become more than a cryptocurrency: it represents a cultural and financial movement. Through this exclusive partnership, we are providing investors with the most direct and accessible way to the Dogecoin ecosystem." – Duncan Moir, President of 21Shares
The product is 100% physically backed and provides an institutional entry point to the Dogecoin ecosystem for traditional investors. The management fee is 2.50%, and it is available through banks and brokers across Europe.
21Shares manages over $7 billion in assets and is listed on 11 major exchanges. Recent developments are shaping the future of regulated cryptocurrency investments. The Dogecoin ETP is the latest move to mainstream digital assets.
This move indicates increasing regulatory clarity and investor demand for meme coin exposure in Europe. Floki DAO has approved similar listings, launched with liquidity funds targeting the European market.
This shows that the European regulatory environment provides fertile ground for altcoin ETPs, leading ahead of the United States, which limits innovation beyond Bitcoin and Ethereum.
This move reflects Europe's growing interest in regulated exposure to non-traditional digital assets. BlackRock, the world's largest asset manager, recently expanded its Bitcoin ETP in Europe, further proving that this region is becoming a testing ground for cryptocurrency financial products.
Meanwhile, in the United States, Bitwise is pursuing Dogecoin ETF approval. Three months ago, it submitted an application to the Delaware Trust Company. The company has also resubmitted an updated application, seeking SEC approval.
The SEC has not yet approved a Dogecoin-based ETF in the United States. This means Europe is in a leading position to attract institutional interest in meme coins.
Saroshi Mistri, Director of the House of Doge and CEO of Sodexo North America, sees today's ETP launch as a sign of the token's maturity.
"Institutional products will enable a new type of investor to participate in the Dogecoin ecosystem, strengthening its role as a leader in the future of digital assets," he said.
Despite this news, DOGE's price has fallen by almost 3% in the past 24 hours. At the time of writing, DOGE is trading at $0.15, having dropped 0.6% in the past hour.
