21Shares has introduced its spot Dogecoin exchange-traded fund on NASDAQ under the ticker TDOG. The product began trading today and marks the third Dogecoin ETF to enter the market following offerings from Grayscale and Bitwise.
The fund provides direct exposure to Dogecoin through a traditional investment vehicle. It holds the cryptocurrency on a one-to-one basis with institutional-grade custody solutions. Investors can access DOGE without managing digital wallets or opening accounts on cryptocurrency exchanges.
The ETF charges a 0.50% annual management fee. Fees accrue daily and are paid weekly in arrears using Dogecoin. The fund structure allows purchase and sale through standard brokerage accounts.
21Shares received regulatory approval for the product last week. The launch represents another step in the firm’s expansion of cryptocurrency investment products in the United States market.
Strategic Partnership Supports Launch
The company developed TDOG in collaboration with the House of Doge. This organization serves as the corporate entity supporting the Dogecoin Foundation and its ecosystem development initiatives.
21Shares described the partnership as integral to its network’s growth strategy. The collaboration aims to strengthen infrastructure and expand the adoption of the digital asset.
Federico Brokate leads business development globally for 21Shares. He characterized Dogecoin as a distinct asset with widespread community support and growing practical applications. Brokate emphasized that TDOG delivers regulated access through physically backed holdings in an ETF structure.
The fund joins 21Shares’ existing lineup of cryptocurrency ETFs. The firm previously launched products tracking Solana, Bitcoin, Ethereum, and XRP. All offerings provide spot exposure to their respective digital assets.
International Expansion and Market Positioning
21Shares operates beyond U.S. borders with crypto investment products. The company has offered a Dogecoin exchange-traded product in European markets to meet regional demand.
The firm recently announced a partnership with FalconX to build comprehensive digital asset services. The collaboration covers brokerage operations, liquidity provision, investment management, lending services, and structured products.
This alliance supports 21Shares’ expansion plans across multiple regions. The company targets growth in North America, Latin America, and Europe through enhanced market access and service capabilities.
Source: https://coinpaper.com/13967/dogecoin-etf-goes-live-on-nasdaq
