21Shares Launches Fully Backed Dogecoin ETP on SIX Swiss Exchange

On Wednesday, 21Shares, a major crypto ETP issuer, launched a fully backed Dogecoin ETP under the ticker DOGE on Switzerland's SIX Swiss Exchange. This ETP, endorsed by the Dogecoin Foundation, aims to provide regulated, institutional access to Dogecoin. Each unit is 100% physically backed by actual DOGE holdings, with a management fee of 2.5%. As of Wednesday morning, Dogecoin traded at $0.1465, maintaining a market cap of over $21.7 billion, despite a 14.6% monthly pullback. The listing follows a similar move by Valour last month.