Overview
- Trading began Thursday under the ticker TXXD, which seeks to deliver 2x Dogecoin’s daily performance before fees and expenses.
- The ETF is 21Shares’ first leveraged crypto product, and the firm signaled intentions to introduce similar leveraged offerings.
- The fund is a collaboration with House of Doge, whose parent was acquired by FalconX in October to align trading infrastructure with 21Shares’ ETP platform.
- The SEC is reviewing a 21Shares application for a non‑leveraged Dogecoin fund, while Grayscale could debut a spot DOGE product next week if approvals arrive.
- The launch adds to a growing roster of single‑asset altcoin funds, including Solana ETFs from Bitwise and VanEck, an XRP fund from Canary, and Rex‑Osprey’s Dogecoin product that drew early inflows.