Blockchain Alliance Partners with Institutional Investor to Launch Digital Asset Index Funds

Thursday 10th of April 2025 20:46:16

Dogecoin Foundation Partners with 21Shares to Launch Crypto ETPs

The Dogecoin Foundation has partnered with 21Shares, a leading provider of cryptocurrency exchange-traded products (ETPs), to launch a series of ETPs tied to the price of Dogecoin (DOGE).

The new ETPs, which are expected to list on the SIX Swiss Exchange, will allow institutional and retail investors to gain exposure to the price of DOGE without having to buy and hold the cryptocurrency directly. The ETPs will be physically-backed, meaning they will hold the underlying DOGE assets in a secure vault.

The partnership marks a significant milestone for the Dogecoin Foundation, which was established in 2020 to promote the development and adoption of the DOGE cryptocurrency. The foundation has been working to increase the visibility and accessibility of DOGE, which was created in 2013 as a joke but has since gained a dedicated following.

"We are thrilled to be partnering with 21Shares to bring DOGE to the mainstream market," said Ross McMullin, chairman of the Dogecoin Foundation. "Our goal is to make DOGE more accessible to a wider range of investors, and we believe that ETPs will play a key role in achieving that goal."

The new ETPs will be listed under the ticker symbols DOGE and DOGE3X, and will track the price of DOGE against the US dollar. The DOGE ETP will be 1:1 physically-backed, while the DOGE3X ETP will be 3x leveraged, allowing investors to gain exposure to the price of DOGE with triple the market exposure.

"The launch of DOGE ETPs marks a significant milestone for the cryptocurrency market," said Hany Rashwan, co-founder and CEO of 21Shares. "We are excited to be partnering with the Dogecoin Foundation to bring this innovative product to market, and we believe that it will provide a new and exciting way for investors to gain exposure to the price of DOGE."

The DOGE ETPs are expected to list on the SIX Swiss Exchange in the coming weeks, pending regulatory approval.