21Shares Launches Dogecoin ETF (TDOG) on NASDAQ, Offering Spot DOGE Exposure

21Shares has announced the launch of the 21Shares Dogecoin ETF, ticker TDOG. The product starts trading on the NASDAQ today. It gives investors spot exposure to Dogecoin through an exchange-traded structure.

Dogecoin ETF TDOG Brings 1:1 Spot DOGE Exposure

According to a recent press release, the firm said the fund is fully backed and holds Dogecoin on a 1:1 basis. It will use institutional-grade custody for the underlying asset. The company added that the ETF is designed for transparent tracking of DOGE.

This comes just a week after CoinGape had reported that the crypto ETF issuer had gained approval to launch the fund. The spot Dogecoin ETF becomes the third to launch after Grayscale and Bitwise’s funds. The fund has set a management fee of 0.50%, accruing daily and payable in DOGE weekly in arrears.

TDOG aims to simplify access for investors who do not want to use crypto wallets. It also removes the need to trade on crypto exchanges. Investors can buy and sell shares using standard brokerage accounts.

21Shares noted that the launch of the Dogecoin ETF builds on its collaboration with the House of Doge. The House of Doge is the corporate arm of the foundation supporting the Dogecoin ecosystem. The company, which said the partnership was part of a joint effort connected to its growth plans for the network.

The ETF offering is part of 21Shares’ broader push into ETPs in the crypto space. The firm has previously rolled out a 21Shares Solana ETF, with ticker TSOL. It also offers spot Bitcoin, Ethereum, and XRP ETFs. 

ETF Products In Europe And Payments Move For DOGE

21Shares has also sold Dogecoin investment products outside the United States. It has introduced a Dogecoin ETP in Europe to respond to demand there. The products represent the firm’s effort to create regulated access for digital assets, the firm said.

Dogecoin still has one of the largest followings in crypto. The company also said the increasing adoption of merchants is a positive indicator for usage. It also highlighted the network’s “Do Only Good Everyday” image and its charity-related activities.

“Dogecoin is a unique asset with a global community and expanding real-world use cases,” said Federico Brokate. He is the Global Head of Business Development at 21Shares. He added that TDOG provides regulated, physically backed exposure through an ETF wrapper.

The Dogecoin ETF announcement also comes after 21Shares partnered with FalconX. The firms said the collaboration will build a full-service digital assets provider. The plan covers brokerage, liquidity, investment management, lending, and structured products.

The FalconX tie-up will help underpin 21Shares’ next stage of expansion, the company said. It also plans to improve access to global markets. The company said it was targeting expansion in North America, Latin America, and Europe.

The Dogecoin community is also developing new payment tools. House of Doge said it intends to release a DOGE payment app, “Such.” The app is expected to be available in the first half of 2026.