The Dogecoin Foundation’s official corporate arm has joined forces with a leading producer of crypto exchange-traded products (ETPs) to introduce a new Dogecoin (DOGE) product to the market. In a recent press release, 21Shares and House of Doge announced their partnership to launch DOGE ETPs globally.
Jens Wiechers, Advisory Board Member at House of Doge and Co-Executive Director of the Dogecoin Foundation, expressed his excitement about the collaboration, stating, “This partnership signifies a significant advancement for the Dogecoin vision. Dogecoin was initially created as a fun and accessible form of peer-to-peer money, and it has since showcased real-world utility in payments, tipping, and charitable giving. To fully realize Dogecoin’s potential as a global currency, institutional support and corporate partnerships are crucial. This initiative with 21Shares offers a regulated avenue for institutions to participate in and promote the ‘Dogecoin is Money’ vision while respecting the community’s ethos. Global adoption is paramount, and we are thrilled to take this next step to ensure that Dogecoin remains enjoyable while gaining the credibility and support necessary to thrive on a larger scale.”
As the original memecoin, Dogecoin holds a special place in the crypto world, while 21Shares boasts over $7 billion in assets under management across 11 major exchanges. Duncan Moir, President at 21Shares, emphasized the importance of registered investment vehicles in expanding access to digital assets and acknowledged Dogecoin’s increasing adoption within the crypto ecosystem. He stated, “By partnering with the House of Doge, we are taking a crucial step in offering transparent and institutional-grade investment options to the market. This move underscores our commitment to broadening investor access to innovative and community-driven assets while upholding the highest regulatory and operational standards.”
At the time of writing, DOGE is trading at $0.150, reflecting a 1.7% increase in the last 24 hours. The collaboration between 21Shares and House of Doge is poised to bring new opportunities for investors looking to engage with Dogecoin in a regulated and secure manner.
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