Valour Launches Dogecoin (DOGE) ETP in Sweden, Providing Regulated Exposure to the Meme Coin

Valour, a subsidiary of DeFi Technologies, recently launched the Valour Dogecoin (DOGE) SEK ETP in Sweden, providing investors with a new way to gain exposure to Dogecoin.

Investors in Sweden can now gain exposure to Dogecoin (CRYPTO: DOGE) through a new exchange-traded product (ETP) launched by Valour, a subsidiary of DeFi Technologies (NASDAQ:DEFI).

The Valour Dogecoin ETP, trading under the ticker DOGE SEK, is now listed on the Spotlight Stock Market, offering a regulated option for investing in the meme-inspired cryptocurrency.

The product enables both retail and institutional investors to gain exposure to Dogecoin’s performance in a format that is regulated, secure, and liquid. It is fully hedged and charges a management fee of 1.95%, trading daily like an ETF. This provides a simple way to invest in DOGE without the hassle of buying and securing the cryptocurrency yourself.

This marks a major milestone for Dogecoin, giving it exposure on a regulated stock exchange for the first time. It helps bolster DOGE’s credibility as an investable asset.

While Dogecoin lacks the utility and institutional adoption of coins like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), it is still one of the most visible and widely-held cryptocurrencies. It now ranks among the top 10 digital assets by market capitalization.

Gaining access on a regulated venue like Spotlight could help pave the way for future listings on major exchanges pending regulatory approval. The ETP may also spur greater mainstream interest in DOGE as an alternative investment.

However, the cryptocurrency is still primarily driven by hype and social media chatter rather than fundamentals. It faces an uphill battle gaining traction with institutional investors compared to larger, more established coins. The lack of development on Dogecoin also remains a concern.