DOGE Takes a Leap: 21Shares Launches First Dogecoin ETP on SIX Swiss Exchange

In a significant move for the cryptocurrency market, 21Shares has partnered with the House of Doge to introduce Europe’s first Dogecoin Exchange-Traded Product (ETP) on the SIX Swiss Exchange. This development marks a pivotal moment for Dogecoin, offering institutional investors a regulated avenue to gain exposure to the popular meme coin. The ETP, which is 100% physically backed by Dogecoin, will trade under the ticker symbol DOGE, further legitimizing the asset in the eyes of traditional finance.

21Shares Launches First Dogecoin ETP on SIX Swiss Exchange

21Shares, a leading asset manager, announced on April 9 a partnership with the House of Doge to launch Europe’s first Dogecoin ETP. The ETP, which is 100% physically backed, will trade on the SIX Swiss Exchange under the ticker DOGE. This move is expected to attract institutions that previously shied away from direct crypto purchases and gain further legitimacy for Dogecoin through regulated products. The launch timing aligns with the growing global demand for crypto ETPs across several markets, making the cryptocurrency more accessible to traditional EU investors.

Dogecoin Price About To Enter The Anger Phase: Analyst Warns

Crypto analyst Selim has warned investors that Dogecoin is about to enter the anger phase of market psychology cycles. Based on recent price action, this is a point where retail traders give up and blame external forces, while smart money prepares to accumulate. Selim advised investors not to get caught in the trap before the potential rally begins.

Dogecoin: Profitability of DOGE Holders Amid Recent Crash

Dogecoin (DOGE), the world’s largest meme cryptocurrency, recently experienced a significant crash after being one of the top performers of 2024. The asset went from trading at a low of $0.08083 to a high of $0.4835 but then crashed down to $0.1315. Despite this, a report highlighted that many DOGE holders were still making notable gains. As of the time of writing, Dogecoin was trading at $0.1455, down nearly 6% in the past 24 hours, and started the month at a high of $0.17 but failed to maintain momentum.