Valour Inc., a subsidiary of DeFi Technologies, has launched the first-ever Dogecoin (DOGE) Exchange Traded Product (ETP) in the Nordic region. This product, listed on Sweden’s Spotlight Stock Market, offers traders and investors a new way to gain exposure to Dogecoin.
Created in 2013, Dogecoin is a cryptocurrency made to be a fun alternative to Bitcoin. It features the Shiba Inu dog from the Doge meme as its logo. Despite its playful beginnings, fast and low-cost transactions.
Supported by a loyal community and high-profile endorsements, Dogecoin has grown into one of the largest cryptocurrencies by market value of around $59 billion.
The launch of Valour Dogecoin ETP reflects the company’s mission to offer innovative and accessible digital asset investment products. Valour seeks to provide its investors with an easy and secure way to invest in Dogecoin without directly owning the cryptocurrency with a management fee of 1.9%.
Dogecoin’s popularity has surged in recent years, fueled by community support and endorsements from high-profile figures like Elon Musk. With no maximum supply, Dogecoin supports continuous issuance, making it suitable for small transactions and widespread use.
The launch of the Valour Dogecoin ETP aligns with DeFi Technologies’ broader goal of bridging traditional finance and decentralized markets.
Johanna Belitz, Head of Nordics at Valour, emphasized the importance of providing investors with timely access to in-demand digital assets like Dogecoin, especially as interest in cryptocurrencies continues to rise across the region.
Valour provides innovative digital asset investment solutions, including physical-backed ETPs like Bitcoin Physical Carbon Neutral, Ethereum Physical Staking, and Internet Computer Physical Staking. They also offer fully hedged digital asset ETPs with minimal or no management fees, available across European exchanges and financial platforms.
Their diverse product portfolio includes major cryptocurrencies like Bitcoin, Ethereum, Cardano, Solana, and others, as well as flagship fee-free offerings such as Bitcoin Zero and Ethereum Zero.
Arthur Hayes, the creator of BitMEX, envisioned the emergence of a Dogecoin ETF five months ago. During a Coin Bureau interview, he expressed doubt regarding the lasting cultural significance of most current memecoins, except for one standout: Dogecoin.
Hayes hinted at the possibility of a Dogecoin ETF debuting before this market cycle concludes, highlighting Dogecoin’s distinction as the first memecoin and its presence on Robinhood in the US.
He argues that these factors differentiate it from other memecoins that don’t hold lasting importance.
