Catenaa, Monday, April 14, 2025-Asset manager 21Shares launched Europe’s first Dogecoin exchange-traded product (ETP) on Tuesday, signaling rising institutional interest in the meme-based cryptocurrency.
The product, developed in partnership with the House of Doge — a division of the Dogecoin Foundation — will trade under the ticker “DOGE” on the SIX Swiss Exchange.
The 21Shares Dogecoin ETP is 100% physically backed and carries a 2.5% management fee, offering investors secure, regulated exposure to the famously volatile digital asset. The move comes as demand for crypto ETPs gains traction globally.
Duncan Moir, president of 21Shares, said the launch reflects Dogecoin’s evolution from a joke asset into a cultural force driving broader crypto adoption. The firm has expanded its product lineup in recent months, filing for ETFs based on XRP, Polkadot, and Solana.
The ETP’s arrival in Europe coincides with growing interest in a U.S.-based Dogecoin ETF. In February, the Securities and Exchange Commission acknowledged a filing by NYSE Arca, marking a significant step toward potential approval. Other firms including Rex Osprey and Bitwise have entered the fray.
Dogecoin currently trades at $0.1448, down 16% on the week, and sits well below its all-time high of $0.7376. Still, analysts suggest the ETP could spark new investor interest. If the SEC follows Europe’s lead, a U.S. Dogecoin ETF could unleash a fresh wave of institutional capital.
Market watchers are eyeing the SEC’s decision due within 200 days — a ruling that could reshape meme coin investing.
