Dogecoin, the cryptocurrency that started as an online joke, has gained endorsement from Swiss asset manager 21Shares.
Despite its lighthearted origin, Dogecoin has seen impressive growth and user adoption, with a 130,000% price appreciation over the last decade and a significant increase in wallet addresses.
21Shares has filed an S-1 form for a Dogecoin ETF, allowing ordinary investors to gain exposure to Dogecoin without owning the cryptocurrency.
21Shares has also partnered with the Dogecoin Foundation, adding legitimacy to the currency and attracting support from traditional financial institutions.