On January 22, the first SEC-approved spot Dogecoin ETF, backed by the Dogecoin Foundation, was launched on Nasdaq by 21Shares. By offering direct exposure to Dogecoin through a regulated vehicle, the product aims to broaden investor access to the meme-inspired token. The listing underscores regulatory acceptance of crypto-based investment products as asset managers expand coverage of top tokens.
Market participants welcomed the development as a potential avenue for conventional portfolios to gain crypto exposure without handling wallets or custody directly. However, the ETF’s performance and fee structure will be closely watched as regulators balance investor protection with innovation. Further details on custody, tracking methodology, and trading liquidity were not disclosed in the initial announcement. Investors should review the prospectus for risk disclosures and the Dogecoin Foundation’s role in supporting the product.
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