21Shares Unleashes 2x Dogecoin ETF as FalconX Deal Closes

Group 1 - 21Shares has launched a new leveraged ETF linked to Dogecoin, named the 21Shares 2x Long Dogecoin ETF (TXXD), which opened on Nasdaq on November 20, 2025, designed to provide around 200 percent of Dogecoin's daily performance before fees [2][5] - The ETF represents a significant development in the legitimacy of meme coins, as Dogecoin, which started as a joke, is now available in a double-leveraged fund on a major exchange [3] - The launch coincides with FalconX completing its acquisition of 21Shares, enhancing FalconX's institutional trading infrastructure and 21Shares' experience in launching exchange-traded products [5][6] Group 2 - The collaboration with the Dogecoin Foundation's corporate branch, House of Doge, reinforces the project's community roots and provides a bridge for DOGE fans to trade through traditional platforms [4] - The introduction of a high-volatility Dogecoin ETF alongside the acquisition indicates a strategic move by crypto companies to appeal to both retail and institutional investors [7] - The acquisition positions FalconX and 21Shares to delve deeper into regulated finance, leveraging infrastructure that supports trading and product development across multiple markets [8] Group 3 - The ETF is specifically designed for short-term traders rather than passive investors, with its structure leading to amplified daily returns, which can result in complex compounding effects in volatile markets [9]