Dogecoin’s journey from a joke cryptocurrency to winning the backing of prominent figures like Elon Musk is cementing itself into the mainstream as 21Shares introduced the first spot DOGE exchange-traded fund (ETF) backed by the Dogecoin Foundation.
21Shares’ $TDOG Goes Live On The Nasdaq
On Thursday, 21Shares debuted its DOGE ETF on the Nasdaq, with the ticker symbol TDOG. The fund will let retail and institutional investors gain exposure to the leading canine-themed meme coin without the hassle of buying or storing the crypto asset themselves.
“We believe Dogecoin captures the spirit of internet culture and continues to evolve in our digital economy,’ 21Shares said in a statement, adding that DOGE’s speed, low transaction fees, and close-knit community make it one of the few cryptos ready for “real-world transactions.”
While two other spot Dogecoin exchange-traded funds previously debuted in November 2025, one from Grayscale, the other from Bitwise, today’s product from 21Shares is the first and only to have gained the support of the Dogecoin Foundation.
The token started as a meme featuring the Shiba Inu dog that later grabbed Musk’s attention as the billionaire frequently posted about the memecoin on social media. While it started as a joke, DOGE has since grown to become the 10th largest cryptocurrency by market capitalization at $21 billion, according to crypto data provider CoinGecko. Meme coins like Dogecoin often rocket in popularity due to internet culture, celebrity endorsements, and speculative trading.
Moreover, 21Shares’ TDOG is the first spot Dogecoin ETF to have secured the SEC’s greenlight. The Grayscale and Bitwise ETFs went live shortly after the U.S. government shutdown via an automated process without needing the SEC’s explicit sign-off. Earlier this month, the U.S. regulator gave the nod to the 21Shares fund, effectively clarifying for the first time that Dogecoin does not qualify as a security token.
DOGE traded north of 45 cents after Donald Trump’s election victory last year, but has slumped all the way back to around $0.1249 as of publication time, CoinGecko data shows.
Source: https://zycrypto.com/dogecoin-wall-street-glow-up-continues-with-debut-of-dogecoin-foundation-backed-21shares-doge-etf/
