Leading crypto fund issuer Valour, a subsidiary of DeFi Technologies, has announced that it will be launching its first exchange-traded product (ETP) for Dogecoin (DOGE).
Accordingly, Valour is launching the world's first DOGE ETP, providing Swedish investors with regulated exposure to Dogecoin via the Spotlight Exchange.
“This launch provides investors with seamless access to Dogecoin, a major cryptocurrency known for its active community and widespread adoption, and offers investors a simple and secure way to gain exposure to DOGE.
With a market cap of approximately $59.6 billion, Dogecoin ranks as the 7th largest digital asset globally.
The Dogecoin ETP, dubbed Valour Dogecoin (DOGE), aims to make investing in the world’s largest memecoin by market cap accessible to both retail and institutional investors.
Valour Product Manager Elaine Buehler said:
“Introducing the world’s first Dogecoin ETP in Scandinavia represents a significant milestone in our mission to democratize access to digital assets.
We are excited to offer investors a regulated product that captures the essence of Dogecoin's dynamic market presence.
In light of the recent US presidential election results and the increasing demand for Dogecoin, the launch of the Valour Dogecoin ETP on Spotlight Exchange aligns with our mission to provide investors with timely access to high-demand digital assets.
“The growing popularity of Dogecoin, backed by influential figures such as Elon Musk, underscores our commitment to providing innovative and diversified investment opportunities.”
Dogecoin, which has risen by 4.3% in the last 24 hours, continues to be traded at $ 0.394.
*This is not investment advice.
