The 21Shares Dogecoin ETF (NASDAQ:TDOG) on Wednesday launched on the Nasdaq as the first spot Dogecoin (CRYPTO: DOGE) ETF backed by the Dogecoin Foundation—but DOGE is down 54% since September and existing ETFs show zero institutional demand.
TDOG Launches With Foundation Backing
21Shares launched TDOG as the first spot Dogecoin ETF to receive explicit SEC approval, differentiating it from earlier products by Grayscale and Bitwise that launched in November through an automated process during the government shutdown.
The ETF holds Dogecoin on a 1:1 basis in institutional-grade custody with a 0.50% management fee.
Investors can buy DOGE exposure through traditional brokerage …