Dogecoin Gets Its First Exchange-Traded Product In Sweden

Dogecoin DOGE/USD is now in the spotlight as its ever exchange-traded product (ETP) is listed on Sweden's Spotlight Stock Market.

What Happened: DeFi Technologies Inc., through its subsidiary Valour Inc., has introduced the first-ever Dogecoin ETP in the Nordics.

Now listed on Sweden’s Spotlight Stock Market, this ETP provides investors secure and streamlined exposure to DOGE without the need for direct ownership.

With a competitive management fee of 1.9%, this initiative is part of Valour's mission to democratize access to digital assets.

Dogecoin, which began as a parody cryptocurrency, has evolved into a popular digital asset with real-world applications in microtransactions, tipping, and payments.

Endorsements from influential figures like Elon Musk have bolstered its status in the crypto market

Also Read: Dogecoin Drops 12% In A Day: What Is Going On?

Why It Matters: Johanna Belitz, Head of Nordics at Valour, remarked, "In light of the recent U.S. presidential election results and the subsequent surge in demand for Dogecoin, the launch of the Valour Dogecoin ETP on the Spotlight Stock Market aligns with our mission to provide investors with timely access to high-demand digital assets."

Prominent cryptocurrency venture capitalist Andrew Kang recently put the odds of an eventual Dogecoin ETF approval in the United States recently at 90%. However, no applications for such an investment product have been submitted to date.

Upping my odds of an eventual $DOGE ETF to 90%

Moon soon https://t.co/nyYnO0MnVW pic.twitter.com/ZZJe6bA3DB

— Andrew Kang (@Rewkang) November 21, 2024

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