21Shares brings physically-backed Dogecoin ETP to SIX Swiss Exchange

21Shares joined forces with the House of Doge to launch the first Dogecoin ETP, supported by the Dogecoin Foundation, on six Swiss exchanges.

The platform of products negotiated in exchange for Crypto 21Shares has announced a partnership with The House of Doge to launch the first Dogecoin ETP (DOGE) Approved by the Dogecoin Foundation. In a press release On Wednesday, 21, Shares, said that the physical back product is registered on six Swiss exchanges under the Ticker Doge.

21Shares, President Duncan Moir said that the product offers investors the “most direct and accessible means of exposure to the Dogecoin ecosystem”, adding that Doge has become “more than cryptocurrency” because it represents a “cultural and financial movement which continues to conduct general adoption”.

“Dogecoin was created to be a fun and accessible form of money in Peer-to-Peer, and over the years, it has demonstrated real utility in payments, switching and charity. For Dogecoin to reach its full potential as a global currency, institutional support and corporate partnerships are essential. ”

Jens Wiechers, member of the Advisory Council of House of Doge

The launch of the product follows the Securities and Exchange American Commission acknowledgement In February of a submission of Dogecoin ETF of Nyse Arca, which should now examine the product. The ETF would follow the Dogey price via the Coindesk DCX index, the authorized participants managing species instead of Doge directly.