Key Highlights
- 21Shares launched the TDOG Dogecoin ETF on NASDAQ, allowing investors to trade DOGE without using crypto wallets.
- The ETF is fully backed 1:1 with Dogecoin, uses multiple custodians, and charges a 0.50% annual fee.
- TDOG is the only Dogecoin ETF endorsed by the House of Doge and approved by the SEC.
Swiss investment firm 21Shares has officially launched the 21Shares Dogecoin ETF (TDOG) on NASDAQ, giving investors direct exposure to Dogecoin without the need for crypto wallets or trading on exchanges.
As announced on Thursday, the exchange-traded fund (ETF) is fully backed, holding Dogecoin on a 1:1 basis in institutional custody. TDOG tracks the spot price of DOGE using the CF Dogecoin-Dollar US Settlement Price Index.
The ETF allows both retail and institutional investors to buy and sell shares using standard brokerage accounts. It charges a 0.50% annual management fee, which is counted every day and paid weekly in DOGE.
For security, the Dogecoin is stored with multiple companies, including Coinbase Custody Trust, Anchorage Digital Bank, and BitGo, while Bank of New York Mellon serves as administrator, cash custodian, and transfer agent. This setup is employed to reduce counterparty risk for investors.
Third Dogecoin ETF approved in the U.S.
TDOG is the third Dogecoin ETF approved in the U.S., following the previous launch by Grayscale and Bitwise in November 2025. However, 21Shares’ ETF is the only one backed by the House of Doge, the corporate side of the Dogecoin Foundation.
This makes the fund more official and gives the company unique marketing rights. Moreover, the approval from the U.S. Securities and Exchange Commission (SEC) confirms that Dogecoin is not considered a security, which allows TDOG to trade under full regulatory oversight.
“TDOG offers investors regulated, physically backed exposure to DOGE through an ETF structure they already understand and trust,” said Federico Brokate, the company’s head of Business Development, in the release.
21Shares expands crypto offerings
The Dogecoin ETF launch builds on 21Shares’ push to offer more cryptocurrency exchange-traded products. The company already offers spot ETFs for Bitcoin, Ethereum, XRP, and Solana, as well as a 2x leveraged Dogecoin ETF (TXXD) and a Dogecoin ETP in Europe.
Recently, 21Shares partnered with FalconX, a company that provides full crypto services, including brokerage, lending, investment management, and liquidity. This team-up has helped 21Shares reach more markets worldwide.
Meanwhile, Dogecoin rose about 3% today and is currently trading for $0.12 with a market cap of over $20.98 billion, according to CoinMarketCap. DOGE has remained one of the largest meme coins by market capitalization, with a market capitalization of around $21 billion. It has a large and active community, and more businesses are starting to accept it.
Also Read: Nasdaq Moves to Lift Options Limits on Bitcoin and Ethereum ETFs
