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21Shares Launches Dogecoin Foundation‑Backed ETF on Nasdaq With Tepid Early Flows

Muted initial flows suggest ETF access alone has not revived demand for a token still trading near multi‑month lows.

Overview

  • The physically backed 21Shares Dogecoin ETF, trading as TDOG on Nasdaq, offers 1:1 DOGE custody and brokerage account access with a 0.50% fee.
  • 21Shares is the only provider endorsed by the House of Doge, and multiple outlets report explicit SEC approval distinct from earlier DOGE ETFs that listed via automated processes.
  • Early trading interest has been limited, with SoSoValue data showing no inflows on Jan. 22 and sparse activity across existing DOGE funds.
  • Dogecoin trades around $0.124 and remains in a multi‑month downtrend, with reports noting a decline of roughly 54% from a September peak.
  • Issuer disclosures stress elevated risk: TDOG is not registered under the Investment Company Act of 1940 and may face significant volatility despite institutional‑grade custody.