21Shares Launches First Physically-Backed Dogecoin ETP on Swiss Exchange

21Shares has launched the backed Dogecoin Exchange Traded Product (ETP) on the SIX Swiss Exchange.

21Shares has launched the Dogecoin exchange-traded product (ETC) backed by assets on the SIX Swiss Exchange platform with the trading symbol DOGE, following a collaboration with House of Doge and approval from the Dogecoin Foundation.

This exchange-traded product (ETP) differs from instruments as it backs real Dogecoin in its reserves instead of synthetic versions of the currency or asset-backed securities tied to its value fluctuations. Investors can benefit from involvement in DOGE’s performance through an open framework provided by the product without the hassle of managing private keys or dealing with complex wallet systems. It presents a convenient opportunity for both investors and individual buyers interested in participating in DOGE’s market movements without having to personally handle the cryptocurrency.

The release is happening at a time when there is increasing fascination with meme coins; in the markets attention spotlight grows on them more each day.

21Shares is expanding its offerings by introducing a listing that delves deeper into tokenizing assets and provides investors with a way to tap into crypto markets through trusted and regulated means. With the DOGE ETP now available as an option for those seeking to broaden their investment portfolio with assets while maintaining a structure aligned with finance principles, it presents an attractive opportunity to explore diversification strategies.