Catenaa, Saturday, November 30, 2024-A new exchange-traded product (ETP) for Dogecoin (DOGE) launched on Sweden’s Spotlight Stock Market, marking the first-ever opportunity for Swedish investors to gain exposure to the popular meme coin.
The product, called the Valour Dogecoin (DOGE) SEK ETP, is issued by Valour, a subsidiary of Canadian crypto firm DeFi Technologies.
Valour’s new ETP aims to provide a “simple and secure” way for investors to access Dogecoin, a multi-billion dollar cryptocurrency known for its meme origins. The launch follows the growing demand for digital assets in traditional investment spaces.
Valour called the introduction of the ETP a “significant milestone,” adding that it aligns with the company’s goal of democratizing access to digital assets.
Valour said that by listing the first Dogecoin ETP in the Nordics, Valour was excited to provide investors with a regulated product that captures the essence of Dogecoin’s dynamic market presence.
Dogecoin’s popularity has been amplified by endorsements from figures like Elon Musk, who has repeatedly stoked interest in the cryptocurrency.
Musk’s influence, combined with growing interest in crypto assets in the US and beyond, has sparked renewed interest in the meme coin, which recently saw a price spike to a three-year high.
Valour’s new ETP adds to the company’s roster of crypto products, including exposure to Solana (SOL), Toncoin (TON), and Uniswap (UNI).
