Dogecoin Foundation-Backed 21Shares DOGE ETF Launches on Nasdaq

The Dogecoin Foundation has officially gone Wall Street.

A spot Dogecoin ETF backed by the enactment began trading successful accepted fiscal markets this morning, launching connected the Nasdaq nether the ticker TDOG. The merchandise volition let retail and organization investors to summation vulnerability to the world’s archetypal meme coin—without relying connected self-hosted wallets oregon crypto exchanges.

The Dogecoin Foundation is simply a nonprofit that has overseen Dogecoin’s decentralized improvement and supported the token’s assemblage since 2014. While 2 different spot DOGE ETFs antecedently launched successful November—one from Grayscale, the different from Bitwise—today’s, issued by 21Shares, is the archetypal and lone to person gained the endorsement of the token’s foundation.

It is, further, the archetypal spot Dogecoin ETF to person gained the support of the SEC. The Grayscale and Bitwise ETFs launched successful November, instantly pursuing the U.S. authorities shutdown, and went unrecorded via an automated process that did not impact explicit bureau approval. Earlier this period the SEC greenlit the 21Shares DOGE ETF, efficaciously concluding that Dogecoin is not a information for the archetypal time.

Duncain Moir, president of 21Shares, told Decrypt helium expects the merchandise volition entreaty principally to younger, affluent traders who privation immoderate crypto exposure, but put broadly and trust connected a accepted broker.

“I bash expect the younger generation, which has spent a small spot of clip looking astatine crypto, is present looking astatine what's next,” Moir said.

The Year successful Dogecoin 2025: DOGE Goes Political and Commercial

After Bitcoin and Ethereum’s successes connected Wall Street, Moir is assured Dogecoin could beryllium adjacent successful line. The token has a monolithic online following, a $21 cardinal marketplace cap, and a distinctively affirmative fanbase—a one-of-a-kind operation for crypto, helium said.

The ETF’s rollout besides comes arsenic portion of a broader propulsion by House of Doge—the comparatively caller firm limb of the Dogecoin Foundation, backed by Elon Musk’s idiosyncratic attorney, Alex Spiro—to germinate Dogecoin from an intentionally utility-less meta gag to a planetary outgo rail.

21Shares is simply a instrumentality of that much adult-sounding transportation for Dogecoin, and has adopted it arsenic well. But that doesn’t mean the institution hasn’t received immoderate skepticism arsenic it rolls retired organization and retail entree to the world’s archetypal meme coin. Muir, though, said helium doesn’t caput the pushback.

"If cipher was skeptical," helium said, "it wouldn't beryllium arsenic absorbing an concern merchandise successful the archetypal place."