Hot on the heels of Bitcoin and Ethereum ETF approvals in the US, the crypto world has seen a flurry of spot ETF applications for various altcoins, including buzzworthy names like XRP, Solana, and even Dogecoin!

While many of these applications are currently under review by the SEC, there’s a noteworthy development specifically for DOGE enthusiasts, coming from the digital asset management experts at 21Shares.

Get ready, Dogecoin fans! 21Shares has officially announced the launch of its very own Dogecoin ETP (Exchange Traded Product) for DOGE, and excitingly, it’s backed by none other than the Dogecoin Foundation.

This new Dogecoin ETP from 21Shares is slated to be listed on the Swiss SIX exchange. What makes this a big deal? It’s set to be the *first* and *only* Dogecoin ETP with the official backing of the Dogecoin Foundation.

The aim of 21Shares’ ETP is to democratize access to Dogecoin for institutional investors – remember, Dogecoin, the memecoin that playfully emerged as a joke back in 2013!

Duncan Moir, Chairman of 21Shares, commented:

“Through this exclusive partnership with the Dogecoin Foundation, we are thrilled to offer investors the most straightforward and accessible way to participate in the Dogecoin ecosystem.

Dogecoin has truly evolved beyond just a cryptocurrency; it’s become a cultural and financial movement that continues to gain mainstream traction. DOGE ETP offers a regulated route for investors to be part of this exciting journey.” Moir also pointed out that the ETP is 100% physically backed, meaning each unit is supported by actual DOGE assets, and it will carry a 2.5% management fee.

*This is not investment advice.