Dogecoin receives a major positive development. 21Shares launched the Dogecoin ETF product (trading code: TDOG) on NASDAQ today, marking the official recognition of this highly regarded digital asset by the mainstream U.S. capital markets.

The design of this ETF is quite straightforward—providing pure exposure to Dogecoin, with 1:1 institutional custody, meaning investors hold the actual Dogecoin assets rather than derivatives. The management fee is set at 0.50%, which is reasonable among similar products.

It is worth noting that 21Shares had already launched a 2x leveraged Dogecoin ETF last year. Now, with the launch of the spot version, it indicates that institutional confidence in Dogecoin's long-term prospects is growing. The progression from leveraged tools to spot products reflects a response to market demand for multi-layered investment options. This undoubtedly opens new doors for institutional and retail investors who want to participate in Dogecoin through traditional financial channels.