The post Dogecoin Foundation Launches First U.S. Spot 21Shares Dogecoin ETF on NASDAQ After SEC Approval appeared first on Coinpedia Fintech News

House of Doge and merger partner Brag House Holdings announced the launch of a new spot Dogecoin exchange-traded fund, taking a major step for the meme coin community in U.S. markets. The product, issued by 21Shares, began trading on NASDAQ under the ticker TDOG after receiving regulatory clearance from the SEC, making it the first U.S.-approved spot Dogecoin ETF.

Dogecoin Opens Institutional Access

The Dogecoin Foundation has taken a significant step into traditional finance with the launch of a spot Dogecoin exchange-traded fund. The new product began trading today on the Nasdaq under the ticker TDOG, giving both retail and institutional investors a smooth way to access Dogecoin without needing crypto wallets or exchanges.

The 21Shares Dogecoin ETF gives investors a simple and secure way to gain exposure to DOGE, with each share fully backed by Dogecoin held in institutional-grade custody on a 1:1 basis.

Also read: Dogecoin (DOGE) Price Plunges Below $0.13 After a Steady Sell-off—Is it Heading Back to $0.1?

The foundation, a nonprofit that has supported Dogecoin’s open-source development and global community since 2014, endorsed the ETF issued by 21Shares. While other spot DOGE ETFs have launched before, this is the first to receive official backing from the organization behind the token.

It is also the first spot Dogecoin ETF to receive direct approval from the SEC. The earlier Dogecoin ETFs from Grayscale and Bitwise launched in November after the U.S. government shutdown and became available through an automatic process, rather than a formal sign-off from regulators.

Earlier this month, the SEC cleared the 21Shares Dogecoin ETF, a move that effectively marked the agency’s first clear position that Dogecoin is not classified as a security.