21Shares and House of Doge Launch DOGE ETP
In a significant development for the cryptocurrency market, 21Shares, one of the largest providers of exchange-traded products (ETPs) for digital assets, has partnered with House of Doge, an entity associated with the Dogecoin Foundation. Together, they have announced the launch of a new Dogecoin (DOGE) ETP. This initiative aims to enhance the global adoption of Dogecoin, which was originally created as a fun and accessible form of digital currency.
Jens Wiechers, a board member of House of Doge and Co-CEO of the Dogecoin Foundation, highlighted the importance of this collaboration. He stated, "This partnership marks a major step forward for Dogecoin's vision. Over the years, Dogecoin has proven to be a practical resource for payments and charitable donations. To realize its full potential as a global currency, institutional support like this partnership with 21Shares is essential."
21Shares, which manages assets worth over $7 billion across 11 major global exchanges, sees this partnership as an opportunity to further establish Dogecoin in traditional financial markets. Duncan Moir, Chairman of 21Shares, emphasized the significance of regulated investment vehicles in providing broader access to digital assets. He remarked, "Given the growing interest in Dogecoin, this partnership with House of Doge reaffirms our commitment to expanding investment opportunities while adhering to the highest regulatory and operational standards."
| Key Details | Information |
|---|---|
| Current DOGE Price | $0.155 |
| 24-Hour Price Change | -5% |
| 21Shares Managed Assets | $7 billion |
| Global Exchanges | 11 |
The announcement comes at a time when Dogecoin is trading at $0.155, reflecting a 5% decline in the last 24 hours. Despite this, the partnership is expected to bolster Dogecoin's position in the market and attract more institutional investors.
"Registered investment vehicles are essential for broader access to digital assets. This partnership with House of Doge reaffirms our commitment to expanding investment opportunities under the highest standards." - Duncan Moir, Chairman of 21Shares
Summary: The collaboration between 21Shares and House of Doge introduces a new Dogecoin ETP, aiming to increase institutional adoption and global recognition of DOGE. With $7 billion in managed assets and operations across 11 exchanges, 21Shares is well-positioned to support this initiative. The current DOGE price stands at $0.155, with a 5% drop in the last 24 hours.
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