21Shares launches Dogecoin ETF, but market demand remains limited

21Shares, a cryptocurrency asset management company, has launched the Dogecoin (DOGE) ETF with the code TDOG and will be listed for trading on NASDAQ on Thursday. 21Shares stated that the product is a new member of its encrypted ETF product line and has received endorsement from House of Doge, a subsidiary of Dogecoin Foundation. Data shows that the first Dogecoin ETF in the United States has accumulated a trading volume of approximately $200 million since its launch in September last year, reflecting a relatively restrained demand for meme ETFs in the market. 21Shares stated that TDOG aims to provide a compliant and physically supported DOGE investment channel, and the Dogecoin Foundation believes that this product will help promote the popularity of Dogecoin the traditional financial system.