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- 21Shares and House of Doge launch world’s first Dogecoin ETP on SIX Swiss Exchange.
- The Dogecoin ETP allows investors to trade Dogecoin without owning it, expanding market access.
- Jens Wiechers highlights the partnership’s role in boosting Dogecoin’s adoption and institutional legitimacy.
21Shares collaborates with the House of Doge to launch the world’s first Dogecoin ETP. Designed in partnership with the Dogecoin Foundation, this product will be listed on the SIX Swiss Exchange and will allow people to invest in DOGE without owning it. This development is poised to redefine how traders engage in the use of the popular meme coin in the traditional financial markets.
This occurred on April 9, 2025, which was a major developing point for both the company and DOGE. From the words of the founder of 21Shares, Duncan Moir, this product can be called one of the easiest and most transparent ways to get closer to the ecosystem of this cryptocurrency. So the investors will be able to have confidence in a regulated market which is essential towards enhancing their confidence in the cryptocurrency markets.
Dogecoin ETP Overview
Exchange-traded product (ETP) is a general term referring to financial instruments that are listed on the market and are indexed to a resource, like a commodity or security. The Dogecoin ETP will be traded physically with the purpose of being a direct replication of the Dogecoin product. This structure also creates opportunities for investors to invest in the growth of Dogecoin without directly possessing the tokens, expanding the opportunities to trade in the asset.
According to Advisory Board member of the House of Doge, Jens Wiechers, also expressed his thoughts about the partnership and said that it would be highly beneficial for the future of Dogecoin. He argued that adoption and institutional solutions needed to be urged to take Dogecoin to the mainstream market. Wiechers think that such a partnership will not only extend the further Dogecoin’s horizon further but also keep its memetic ground while putting it into the spheres of finance.
21Shares Expands Cryptocurrency Range
The introduction of the Dogecoin ETP is also a way towards being taken further up by institutional adoption status. Wiechers also highlighted the need for corporates in order to achieve the full potential of the digital currency. This partnership makes it possible for institutions to interact with Dogecoin in a legal way, thus enhancing the growth and legitimacy of the asset.
For 21Shares, this launch is consistent with the company’s long-term approach of increasing its range of cryptocurrency-focused products. The company had earlier listed Bitcoin Core ETP (CBTC), Solana Staking ETP (ASOL), and XRP ETP (AXRP) on the Nasdaq Stockholm. As of press time, Dogecoin is priced at $0.1460, marking a 3.37% decline in the last 24 hours. Over the past week and month, DOGE has seen significant drops of 16.77% and 17.33%, underscoring its volatile nature.
