Valour debuts Dogecoin ETP on Sweden’s Spotlight Market

Crypto fund issuer Valour has launched the first-ever exchange-traded product (ETP) for Dogecoin (CRYPTO:DOGE), according to a November 26 announcement by its parent company, DeFi Technologies.

The DOGE ETP will trade on Sweden’s Spotlight Stock Market, providing retail and institutional investors regulated exposure to the world’s largest memecoin by market cap.

Johanna Belitz, Valour’s head of Nordics, stated that the launch was driven by increased interest in Dogecoin following the recent U.S. presidential election, which has been viewed as a positive development for the crypto industry.

She noted that demand for DOGE has been “bolstered by influential figures like Elon Musk.”

Initially created in 2013 as a parody of Bitcoin, Dogecoin has since evolved into a major cryptocurrency with a market capitalisation of approximately $55 billion.

Unlike Bitcoin, DOGE operates on its own proof-of-work (PoW) blockchain with less resource-intensive transaction verifications.

However, it does not support smart contracts and has no cap on its total supply.

The memecoin market, including platforms like Pump.fun, has emerged as one of the fastest-growing sectors in crypto, contributing to the rise of blockchain networks such as Solana (CRYPTO:SOL).

Despite criticism from industry leaders like Binance’s former CEO Changpeng Zhao, who recently encouraged the community to focus on building real blockchain applications, Dogecoin remains a popular choice for micropayments and tipping.

Valour’s DOGE ETP adds to its portfolio of crypto investment products, including an ETP for Near Protocol’s NEAR token launched earlier this year.

DeFi Technologies, Valour’s parent company, manages around $600 million in crypto-focused strategies, further solidifying its presence in the digital asset market.

At the time of reporting, the Dogecoin (DOGE) price was $0.3889.