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House of Doge, 21Shares Collaborate to Launch Dogecoin ETP Globally
House of Doge, the official branch of the Dogecoin Foundation, has announced an exclusive partnership with 21Shares to launch the (ETP) Dogecoin ( DOGE ) uniquely certified by the Foundation. Under the agreement, 21Shares, one of the world's largest issuers of cryptocurrency ETPs, filed a Form S-1 application with the U.S. Securities and Exchange Commission to create an exchange-traded fund (ETF) Dogecoin for the U.S. market. This alliance marks a milestone in Dogecoin's evolution from an internet meme to a legitimate financial asset. 21Shares' filing is the latest ETF application for the original memecoin in the United States. If approved, this will become the first registered Dogecoin ETF in this country, allowing institutional and retail investors to access this popular cryptocurrency through traditional brokerage platforms. Approach institutions to meet basic needs Launched in 2013 as a parody version of Bitcoin, Dogecoin has evolved into a widely held digital asset with strong community support and a unique brand identity. It is known for its low transaction fees, fast payment speeds, and broad appeal among retail users. Large companies such as Microsoft and AMC Theatres have accepted Dogecoin for payments, while this token is used to support community fundraising efforts, social tipping, and charitable donations. Jens Wiechers, advisory board member at House of Doge and co-CEO of the Dogecoin Foundation: "This initiative with 21Shares provides a managed pathway for institutions to engage and amplify the vision of 'Dogecoin as Money' while still honoring the spirit of the community. Global adoption is crucial, and we are excited to take this next step – ensuring that Dogecoin remains fun while gaining the credibility and support needed to thrive on a large scale." The launch of these ETPs aims to bridge the gap between Dogecoin's community-led origins and the rigorous requirements of institutional finance. Unlike previous speculative trading tools or unregulated products, the Dogecoin ETP developed with 21Shares aims to meet the compliance standards of the global financial market. The maturity of Dogecoin With over $7.3 billion in assets under management and listed on 11 major exchanges, including Nasdaq, SIX Swiss Exchange, and Euronext, 21Shares has played a leading role in integrating digital assets into mainstream portfolios. The fund stated that this partnership is a sign of the "maturity and legitimacy of Dogecoin in the financial world." The fund added that the ETPs will allow new types of investors to participate in the DOGE ecosystem, thereby further strengthening the role of this coin in the digital economy. Chairman of 21Shares Duncan Moir said: "By collaborating with House of Doge, we are taking an important step in bringing transparent, institutional-grade investment options to market. This move reflects our commitment to expanding investor access to innovative and community-driven assets, while upholding the highest operational and regulatory standards." The Dogecoin and 21Shares fund seems to be preparing to offer a product that balances the rigor of institutional standards with the irreverent origins of this meme coin, a formula they hope will encourage wider adoption globally and long-term viability.