Meme to Mainstream: DOGE Now Tradable via Traditional Brokers
In a landmark move for both meme culture and crypto finance, 21Shares has launched the world’s first Dogecoin exchange-traded product (ETP), now trading on Switzerland’s SIX Swiss Exchange under the ticker DOGE. This physically backed ETP allows investors to gain exposure to Dogecoin through traditional financial channels, bridging the gap between the crypto world and mainstream finance.
Backed by the Dogecoin Foundation and House of Doge
This ETP is the result of an exclusive partnership between 21Shares and the House of Doge, the corporate arm of the Dogecoin Foundation. It stands as the only Dogecoin ETP officially endorsed by the Dogecoin Foundation, reinforcing its credibility and alignment with the community’s ethos.
Physically Backed and Fully Transparent
Each unit of the ETP is 100% physically backed by actual Dogecoin held in custody, ensuring transparency and security for investors. With a management fee of 2.5%, the ETP offers a regulated and straightforward way to invest in Dogecoin without the need to directly handle the cryptocurrency.
A Step Towards Broader Adoption
The launch of this ETP marks a significant milestone in Dogecoin’s journey from a light-hearted meme to a recognized digital asset. By providing institutional-grade exposure to Dogecoin, 21Shares is paving the way for broader adoption and integration of the cryptocurrency into traditional investment portfolios.
Final Take
Dogecoin entering the traditional finance arena isn’t just another crypto milestone it’s a meme turning into a legit market asset. Whether you’re a long-term HODLer or just here for the chaos, the DOGE ETP gives the coin a whole new level of visibility and credibility. One small step for Shiba, one giant leap for meme-kind.
