- 21Shares has launched a Dogecoin ETP on the SIX Swiss Exchange under the ticker DOGE.
- This is the first Dogecoin ETP to be officially backed by the Dogecoin Foundation.
- The ETP is 100 percent physically backed and is now available through banks and brokerages across Europe.
21Shares introduced a new Dogecoin ETP on the SIX Swiss Exchange under the “DOGE.” Dogecoin Foundation provides its first endorsement of the newly launched Dogecoin product. The physically backed ETP enables institutional investors to access traditional financial products that invest in a prevalent crypto meme token.
Through its connection with the House of Doge, the ETP enables investors to obtain safe and clear Dogecoin exposure. Financial platforms across Europe can access the product, which charges a 2.50% fee for management expenses. Organizations under 21Shares are increasing their presence in crypto investment products through this recent development.
Investors can rely on the full support of physical Dogecoin assets because the new product exists with ISIN CH1431521033. With the rising demand for regulated altcoin solutions in the market, European investors now have direct access to Dogecoin through a structured investment method that eases holdings of the actual cryptocurrency.
DOGE ETP in Europe. Source: Press release
Dogecoin ETP Strengthens Dogecoin’s Institutional Presence
DOGE ETP introduces new possibilities for traditional financial establishments to handle meme coins. Through this structure, financial institutions and retail investors now have a controlled way to access the Dogecoin network. The Dogecoin Foundation endorsement increases the credibility of the product.
21Shares maintains a commitment to transparent service provision while sustaining high standards for customer account management. The fund operates through 11 exchanges and handles assets valued at more than $7.3 billion. The Dogecoin ETP expands the company’s product lineup.
Through this launch, Dogecoin’s evolution shows its transition from a humorous cryptocurrency to an organized financial instrument. The foundation’s backing reinforces how the token grows more sophisticated. The token becomes more accessible to investors who do not need to participate in conventional crypto transactions.
Floki DAO and the Rise of Meme Coin ETPs in Europe
The European market approved Floki-related ETPs through the Floki DAO after the DOGE ETP succeeded. The rise of meme coin investments among European investors is shown through their growing interest in listing these products. The ETPs issued by Floki received support through liquidity incentives, which increased their market accessibility.
The European market provides its users with improved regulatory conditions when investing in altcoin compared to other regions. The faster admission of regulated financial settings for meme coins through these product launches has made Europe a vital center for issuing altcoin ETPs.
The SEC maintains hesitancy in approving crypto asset-related measures in the United States, but European regulators have quickened the adoption speed. Floki’s economic products are made for investors who currently hold Dogecoin trading on authorized exchange platforms. The institution-wide approach demonstrates a transition in investors’ methods of obtaining elusive digital assets.
US Lags Behind as Europe Gains Ground in Meme Coin Funds
The US Federal Regulatory body has not approved any Dogecoin-based ETF products. Bitwise filed at the Delaware Trust Company before the company submitted another amendment. Current information does not reveal any approval timeline from the SEC.
Stringent regulatory measures restrict American investors from buying newly available altcoin financial products. Crypto investment options at European trading platforms are expanding while US regulators delay approval of new product launches. Institutional market demand continues to rise because European funds continue to receive higher investment volumes.