21shares Announces Launch of the 21shares Dogecoin ETF (TDOG)

Core Viewpoint - The launch of the 21shares Dogecoin ETF (TDOG) provides U.S. investors with regulated and transparent exposure to Dogecoin through a physically backed exchange-traded fund structure, beginning trading on NASDAQ on January 22, 2026 [1][4]. Company Overview - 21shares is a leading issuer of cryptocurrency exchange-traded funds (ETFs) and has a track record of creating innovative investment solutions in the crypto space, including the world's first physically-backed crypto ETP in 2018 [8][9]. - The company has partnered with the House of Doge to enhance the accessibility and utility of Dogecoin, aiming to support its mainstream adoption [11][6]. Product Details - TDOG offers a 1:1 backing of Dogecoin in institutional-grade custody, allowing investors to gain exposure without the complexities of digital wallets or crypto exchanges [2]. - The ETF has a management fee of 0.50% and is not registered under the Investment Company Act of 1940, meaning it is not subject to the same regulations as traditional ETFs [4][3]. Market Context - The Dogecoin ecosystem is maturing, with increasing merchant adoption and a strong community, which supports its growth potential [5]. - The launch of TDOG follows the introduction of the 21shares Solana ETF (TSOL) and the 21shares 2x Long Dogecoin ETF (TXXD), indicating a strategic expansion in the crypto ETF market [4][7]. Strategic Partnerships - 21shares has formed a partnership with FalconX to create a full-service digital assets provider, enhancing its market access and growth potential across North America, Latin America, and Europe [7].