21Shares Dogecoin ETF Approved for Nasdaq Trading
- The Dogecoin ETF will trade under the ticker TDOG on Nasdaq.
- This is the third spot Dogecoin ETF, following Grayscale’s GDOG and Bitwise’s BWOW launched in November.
- The ETF will track the spot DOGE price using the CF Dogecoin-Dollar US Settlement Price Index.
- Custodians include Coinbase Custody Trust, Anchorage Digital Bank, and BitGo, with The Bank of New York Mellon as administrator.
- DOGE price increased over 1% in the last day, currently at $0.140, with a trading volume surge of over 111%.
- Total DOGE futures open interest rose to $1.80 billion, with mixed sentiment across exchanges like Binance and OKX.
The approval of the ETF provides regulated exposure to Dogecoin, reflecting growing institutional interest in cryptocurrency assets. The significant increase in trading volume indicates heightened market activity surrounding DOGE.
With DOGE currently trading at $0.140 after a price jump and an impressive trading volume increase, this ETF launch could further impact market dynamics.(Source)
