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21Shares Launches Dogecoin ETF Backed by Dogecoin Foundation

21Shares Launches Dogecoin ETF Backed by Dogecoin Foundation

21Shares has introduced the first U.S.-approved Dogecoin-backed spot ETF, marking a regulatory milestone for meme coin-based investment products.

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Summary

21Shares has launched the first Dogecoin-backed spot exchange-traded fund in the United States, receiving initial regulatory approval for a meme coin-based ETF. The product, TDOG, is backed by the Dogecoin Foundation’s House of Doge and joins 21Shares’ lineup alongside Bitcoin, Ethereum, Solana, and XRP ETFs. This marks a first in the U.S. market for a spot ETF tied to Dogecoin.

Terms & Concepts
  • ETF: An exchange-traded fund that holds or tracks assets and trades on stock exchanges, offering traditional-market access to those assets.
  • Dogecoin Foundation: A nonprofit organization that supports Dogecoin’s development and ecosystem initiatives.
  • House of Doge: An initiative associated with the Dogecoin Foundation that provides brand support and endorsements for Dogecoin-related projects.