21Shares Launches First SEC-Approved Spot Dogecoin ETF on Nasdaq

On January 22, the first SEC-approved spot Dogecoin ETF, supported by the Dogecoin Foundation, was launched by 21Shares on Nasdaq under the trading code TDOG. According to PANews, this ETF allows both retail and institutional investors to access Dogecoin through traditional brokerage accounts. The president of 21Shares stated that the primary target audience for this ETF is young, affluent mainstream investors. This marks the third spot Dogecoin ETF to enter the U.S. market, following similar products from Bitwise and Grayscale.