Swiss asset management firm, 21Shares, has partnered with the Dogecoin Foundation to launch Europe's first exchange-traded product (ETP) dedicated to Dogecoin (DOGE).
The ETP, which is fully collateralized with actual Dogecoin holdings, will trade on Switzerland's SIX exchange and has a 2.5% annual management fee.
This ETP provides traditional investors with institutional-grade exposure to tap into the DOGE community and blends finance with internet culture.
The partnership with the Dogecoin Foundation ensures legitimacy and a direct link to the coin's ecosystem.