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Dogecoin Spot ETF Launches on NASDAQ! The third DOGE product in the US market goes live
【ChainNews】Dogecoin has once again made a major breakthrough. On January 22, the 21Shares Spot DOGE ETF supported by the Dogecoin Foundation was officially listed and traded on NASDAQ under the ticker TDOG.
What does this mean? It becomes the first spot Dogecoin ETF in the United States to receive official approval from the SEC. In simple terms, ordinary investors no longer need to go through the hassle of crypto trading; they can directly buy Dogecoin exposure through their brokerage accounts. Both retail and institutional investors can participate.
The management of 21Shares revealed that this product mainly targets young, wealthy mainstream investors. In other words, they are aiming to reach those who have been reserved about cryptocurrencies before challenging traditional finance circles.
Currently, the market already has spot DOGE ETF products launched by Bitwise and Grayscale. The 21Shares product is the third entrant in the U.S. market. As competition intensifies, it also indicates that Dogecoin’s recognition in traditional finance is on the rise.