Key notes
- 21Shares launched a new Dogecoin ETP under Ticker Doge on six Swiss exchanges.
- Investors can now access Dogecoin through traditional brokers and banks.
- Real active DOGE support the product in detention to ensure transparency.
Samecoin Dogecoin, supported by Elon Musk,
DOGE
$ 0.16
24h volatility:
0.3%
COURTIC CAPESSION:
$ 23.19 B
Flight. 24 hours:
$ 511.50 million
makes headlines again. 21Shares launched the very first negotiated product in exchange for Dogecoin (FTE). This decision brings digital assets inspired by the world in the world of regulated finance. In particular, this will facilitate traditional investors to expose themselves to Dogecoin without using crypto exchanges.
DOGECOIN between traditional finances via the launch of ETP
According to the announcement of 21Shares, the Zurich Financial Institution launched Dogecoin ETP on the six Swiss exchanges under the Doge Ticker. This product gives investors a new way of buying Dogecoin without holding the cryptocurrency.
It should be noted that this new development comes after 21Shares filed an ETF of Dogecoin with the Securities and Exchange Commission (SEC) of the United States. Depending on the file, the asset manager wishes to follow Doge’s performance without using the lever or derivative effect.
As detailed by the company, this FTE launch allows investors to invest in the same through banks and regular brokers, similar to the way they would with shares or ETFs. Each part of the ETP is supported by Real Dogecoin owned in detention, ensuring the transparency and the confidence of investors.
From the dominant to the dominant current: Dogecoin now has its own ETP.
At 21hares, we are proud to be the first to offer an ETP Dogecoin exclusively approved by the @Dogecoinfdnallowing investors to access the beloved $ DOGE active.
This is what it looks like when culture and finance converge. … pic.twitter.com/in2vqseom9
– 21Shares (@ 21Shares) April 18, 2025
The company announced publicly that this launch had been made possible thanks to a partnership with House of Doge and the Dogecoin Foundation. The Foundation, which has guided the currency since 2014, adds credibility to the product.
It is important to note that the Foundation supported the community projects of Dogecoin and charity efforts. Its involvement now indicates that the part is entering a more serious phase.
Since the announcement, the cryptographic community of X buzzes with different opinions. Some people celebrated the news, seeing it as a great victory for the future of Dogecoin.
Others, however, have raised concerns about how a financial product like an ETP aligns with the original decentralization of Dogecoin. Despite these debates, most are suitable that the launch marks an important step for the biggest same.
Doge Price reacts to ETP debut
In a previous update, Coinspeaker reported that Dogecoin Whales had bought more than 800 million Doges in two days, leading a bullish feeling. This accumulation, worth more than $ 128 million, has led to an increase in optimistic predictions for Dogecoin in the midst of increasing adoption.
After the ETP announcement, CoinmarketCap data showed that Dogecoin was negotiating at around $ 0.1,555, up 0.59% in 24 hours. The negotiation volume exceeds $ 559 million, but there was a withdrawal of 21% during the same period.
Market players look closely to see how this 21Shares product could affect the price.
Based on the general market perception, easy access to Dogecoin thanks to traditional finance could increase demand, fueling a price rally. However, the cryptography market remains unpredictable and a change in market feeling could include the price of the room
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but must not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Benjamin Godfrey is a blockchain enthusiast and a journalist who savor the writing of actual applications for blockchain technology and innovations to stimulate general acceptance and global integration of emerging technology. His desire to educate people on cryptocurrencies inspires his contributions to renowned media and blockchain sites.
