Dogecoin ETP: Invest in Fun and Fortune with a Touch of Madness!

Well, gather ’round, folks! It seems that 21Shares has stricken gold–or perhaps more fittingly, green–by hitching up with none other than the House of Doge. They’re launching the very first Dogecoin ETP, backed by the Dogecoin Foundation, right there on the venerable SIX Swiss Exchange. Who’d have thought that a meme could make its way to Wall Street? 🥳

In a press release—ah, the modern-day equivalent of yelling from the rooftops—21Shares announced their delightful partnership with the House of Doge. It’s a match made in crypto heaven, and this charming Dogecoin ETP (or DOGE, if you’re feeling snazzy) will grace the exchange with its presence. If you’re fond of coins that look like happy puppies, there’s no better way to get on board! 🐶

Duncan Moir, the big cheese over at 21Shares, is singing praises about this product, claiming it offers the “most direct and accessible way” to dip one’s toes into the Dogecoin pool. He insists DOGE has evolved beyond mere cryptocurrency, blossoming into some kind of cultural and financial juggernaut, sweeping up the masses like a broom on a dusty floor. Who knew digital coins could hold such existential meaning? 😂

“Dogecoin was created to be a fun, accessible form of peer-to-peer money, and over the years, it has demonstrated real-world utility in payments, tipping, and charitable giving. For Dogecoin to reach its full potential as a global currency, institutional support and corporate partnerships are essential.”

—Jens Wiechers, Advisory Board Member at House of Doge

This all comes hot on the heels of good ol’ Uncle Sam’s Securities and Exchange Commission giving a nod to a Dogecoin ETF submission back in February. NYSE Arca must be scratching its head, wondering what kind of crypto storm is brewing! This ETF plans to track DOGE’s price like a hawk-eyed overseer via CoinDesk’s DCX index, with authorized participants—strangely enough—handling cash instead of the precious DOGE itself. The world of finance grows more absurd by the moment! 💸

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2025-04-09 12:15