21Shares, a leading issuer of crypto exchange-traded products (ETPs), announced the launch of a fully backed Dogecoin ETP on Switzerland's SIX Swiss Exchange, designated under the ticker DOGE. This ETP is notable for being the first and only Dogecoin ETP to receive endorsement from the Dogecoin Foundation, created in collaboration with the House of Doge, the foundation's corporate arm. The ETP will track the price of Dogecoin and is designed to provide investors with regulated access to the cryptocurrency, which has evolved from a lighthearted internet meme to a valuable asset used for micropayments and transactions. It is fully backed by actual DOGE holdings and will charge a management fee of 2.5%. Jens Wiechers, co-executive director of the Dogecoin Foundation, emphasized the significance of this listing for global adoption and credibility of Dogecoin in the financial landscape, aligning with the vision of promoting Dogecoin as a legitimate currency.

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