Shocking DOGE ETP: Europe’s Meme Coin Uprising!

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21Shares has triumphantly plopped a brand-new Dogecoin ETP onto the SIX Swiss Exchange under the curious “DOGE” sign. Mind you, it’s as if a pack of chattering squirrels were unleashed in a royal garden—utter madness, I tell you! 🐿️🐾

This particular hoopla signals a glorious leap for meme coins everywhere. One might say the dear Dogecoin has waltzed into the ballroom, elbowing the skeptics aside, and loudly proclaiming, “Behold, I am endorsed by the Dogecoin Foundation—deal with it!”

21Shares Transforms Europe Into DOGE-Loving Wonderland

The unstoppable contraption is christened 21Shares Dogecoin ETP (ISIN: CH1431521033), championed by a most extraordinary partnership with the fabled House of Doge. According to Duncan Moir, 21Shares’ top banana, this is far more than a mere numeric adventure—apparently, it’s laced with treasure, rainbows, and maybe a talking goose. 🦆💰

“Dogecoin is no longer just a cryptocurrency,” Moir proclaimed in a booming voice. “It’s a whirling carnival of culture and finance. And we’ve cracked open the gates to let the world ride its whimsical roller coaster.” 🎢

This fancy-pants ETP is physically backed—like a fortress guarded by gummy bears—offering stiff-lipped investors a jolly ramp into the Dogecoin realm. A 2.50% management fee is the cost to hop aboard this merry-go-round, now live across Europe’s banks and brokerages (bring your cotton candy if you like).

With over $7.3 billion in AUM and appearances on 11 major exchanges, 21Shares prances around as a crusader for regulated crypto investing. Naturally, the Dogecoin ETP is its latest “ta-da!” in turning digital assets into the talk of the town. 🎉

Regulators are warming up to European meme coin pursuits faster than a chocolate bar melting in the sun. Meanwhile, the Floki DAO has also snuck through similar listings. Clearly, there’s a carnival going on—someone pass the popcorn. 🍿

This phenomenon reveals Europe as a thrill-seeking playground for altcoin ETPs, well beyond the US, whose regulators still have the jitters when it comes to anything beyond Bitcoin or Ethereum. One might picture them sipping tea, glancing skeptically at every frolicking hound or dancing coin. 🏦🤔

But Europe’s appetite for novel crypto niblets is growing. Even BlackRock, looming like a giant outside the sweet shop, decided to expand its Bitcoin ETPs in this region. With bigger players tiptoeing into the market, who’s next to leap in? A giraffe with a rocket pack, perhaps?! 🦒🚀

On the other side of the pond, Bitwise has fought bravely for a Dogecoin ETF—filing forms, re-filing them, and maybe sending them with confetti or singing telegrams to the SEC. Alas, that elusive American approval remains as slippery as a goblin coated in butter.

The House of Doge, represented by Sarosh Mistry (Director-Elect and top honcho at Sodexo North America), sees this shiny new ETP as a sign of Dogecoin’s coming-of-age. It’s donned its best bow tie, mind you.

“With institutional products,” said Mistry, “an entirely new crowd can gawk at Dogecoin’s parade, tossing flowers admiringly at its feet.” 🌺

Meanwhile, the DOGE price seems to have stumbled over a banana peel, dropping nearly 3% in a day. At last glance, the beloved coin traded for around $0.15, down a tiny fraction in the last hour—perhaps someone stole its bone? 🦴😜

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2025-04-09 14:22