DeFi Technologies Announces the Listing of the First Dogecoin (DOGE) Exchange-Traded Product (ETP) in the Nordic Region

DeFi Technologies Inc., a crypto-focused financial technology firm, has announced the listing of the first Dogecoin (DOGE) exchange-traded product (ETP)

Crypto-focused financial technology firm DeFi Technologies Inc. (OTCQB:DEFTF) has announced the listing of the first Dogecoin (CRYPTO: DOGE) exchange-traded product (ETP) in the Nordic region through its fully-owned subsidiary, Valour Inc.

The Valour Dogecoin (DOGE) ETP is now trading on the Spotlight Stock Market. It is designed to simplify investment in the popular cryptocurrency for both retail and institutional investors.

This marks a significant 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 Valour Dogecoin SEK (ISIN: CH1108679320) ETP enables investors to gain access to Dogecoin while avoiding the complexities that typically come with cryptocurrency investments, the press release said.

Priced with a management fee of 1.9%, the product is geared towards investors seeking a secure and straightforward entry into the DOGE market.

“We are excited to announce the listing of the first Dogecoin ETP in the Nordics, continuing our mission to democratize access to digital assets,” said Elaine Buehler, Head of Product at Valour.

“With an active community and growing adoption, we believe that this product will cater to the increasing demand for DOGE in the mainstream financial markets.”

Introduced in 2013 as a humorous take on Bitcoin (CRYPTO: BTC), Dogecoin began its journey as a meme coin. However, over the years, it has transformed into a mainstream digital currency with a market capitalization of around $57.9 billion.

Operating on the Scrypt algorithm, Dogecoin facilitates fast and low-cost transactions. Notably, its inflationary design lacks a maximum supply, enabling the continuous issuance of new coins. This feature makes DOGE ideal for small everyday microtransactions, which are commonly used for tipping, charitable donations, crowdfunding, and payments at merchants like SpaceX and the Dallas Mavericks.

As the U.S. presidential election and other global events unfold, there has been a surging demand for Dogecoin, the press release noted.

“The timing of this launch is optimal, and we expect that this ETP will resonate strongly with investors,” said Johanna Belitz, Head of Nordics at Valour.

“The recent attention from public figures, such as Elon Musk, has further bolstered DOGE's presence in the market, reinforcing its relevance among mainstream investors.”

Valour’s portfolio spans a wide range of digital asset ETPs, including those tracking major cryptocurrencies like Bitcoin, Ethereum (CRYPTO: ETH), and Solana (CRYPTO: SOL).

In addition to the Dogecoin ETP, Valour also offers zero-fee products, such as Bitcoin Zero and Ethereum Zero, and unique carbon-neutral options.

At last check on Monday evening, $DOGE is seen trading at around $0.3929, up 5.6% in the past 24-hour period.