21Shares Launches Leveraged Dogecoin ETF Amid FalconX Acquisition Completion

According to 21Shares, the new Nasdaq-listed ETF offers twice the daily performance of DOGE futures, developed with House of Doge in an exclusive partnership.

DOGE

Summary

21Shares debuted the 21Shares 2x Long Dogecoin ETF (TXXD) on Nasdaq on September 20, providing investors with twice the daily performance of Dogecoin futures. The leveraged ETF, created under an exclusive partnership with House of Doge, will be accessible through banks and brokers. This launch follows the completion of 21Shares’ acquisition of FalconX, reflecting the firm’s ongoing expansion in crypto investment products.

Terms & Concepts
  • Leveraged ETF: An exchange-traded fund that uses financial derivatives and debt to amplify returns from an underlying asset.
  • Dogecoin: A cryptocurrency originally created as a meme token, now traded and used for payments.
  • DOGE futures: Derivative contracts that allow traders to speculate on the future price of Dogecoin.