DeFi Technologies Inc., a crypto-focused financial technology firm, has announced the listing of the first Dogecoin (DOGE) exchange-traded product (ETP) in the Nordic region through its subsidiary, Valour Inc. The Valour Dogecoin (DOGE) ETP, now trading on the Spotlight Stock Market, is designed to simplify investment in the popular cryptocurrency for both retail and institutional investors.
This move represents a milestone for Valour as it continues expanding its lineup of digital asset products in the European market. The launch of this regulated investment vehicle provides seamless exposure to Dogecoin’s performance without requiring direct ownership of the digital asset.
The press release said that the Valour Dogecoin SEK (ISIN: CH1108679320) ETP allows investors to access Dogecoin while avoiding the complexities typically associated with cryptocurrency investments. Priced with a management fee of 1.9%, the product is geared toward investors seeking a secure and straightforward entry into the DOGE market.
Valour’s Head of Product, Elaine Buehler, noted that this launch aligns with the company’s mission to democratize access to digital assets, particularly in light of Dogecoin’s active community and widespread adoption.
Dogecoin, introduced in 2013 as a humorous take on Bitcoin, has grown into a mainstream digital currency with a market capitalization of approximately $57.9 billion. The cryptocurrency operates on the Scrypt algorithm, offering fast and low-cost transactions. Its inflationary design, without a maximum supply, supports a steady issuance of new coins, making it ideal for everyday microtransactions. Common applications include tipping, charitable donations, crowdfunding, and payments with merchants like SpaceX and the Dallas Mavericks.
Johanna Belitz, Head of Nordics at Valour, highlighted that the timing of the launch coincides with a surge in demand for Dogecoin following recent global events, including the U.S. presidential election. The influence of public figures like Elon Musk continues to bolster Dogecoin’s popularity, further reinforcing its relevance in the market.
Valour’s portfolio includes a wide array of digital asset ETPs, such as those tracking major cryptocurrencies like Bitcoin, Ethereum, and Solana. In addition to the Dogecoin ETP, Valour offers zero-fee products, such as Bitcoin Zero and Ethereum Zero, and unique carbon-neutral options.
At the time of writing, $DOGE is trading at around $0.3929, up 5.6% in the past 24-hour period.
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