DeFi Technologies Inc., a crypto-focused financial technology company, announced the listing of the first exchange-traded product (ETP) Dogecoin (DOGE) in the Nordic region through its subsidiary Valor Inc. The Valor ETP Dogecoin (DOGE), now trading on the Spotlight Stock Market, is designed to simplify investing in the popular cryptocurrency for retail and institutional investors.
The move represents an important milestone for Valor as it continues to expand its digital asset product offering in the European market. The launch of this regulated investment vehicle provides transparent exposure to the performance of Dogecoin without requiring direct ownership of the digital asset.
THE press release said that the Valor Dogecoin SEK (ISIN: CH1108679320) ETP allows investors to access Dogecoin while avoiding the complexities typically associated with cryptocurrency investments. With a 1.9% management fee, the product is aimed at investors looking for a safe and simple entry into the DOGE market.
Elaine Buehler, Valor’s head of product, noted that this launch aligns with the company’s mission to democratize access to digital assets, especially in light of Dogecoin’s active community and widespread adoption.
Dogecoin, introduced in 2013 as a humorous version of Bitcoin, has become a mainstream digital currency with a market capitalization of approximately $57.9 billion. The cryptocurrency runs on the Scrypt algorithm, offering fast and low-cost transactions. Its inflationary design, with no maximum supply, allows for regular issuance of new coins, making it ideal for daily microtransactions. Common applications include tipping, charitable donations, crowdfunding, and payments to merchants like SpaceX and the Dallas Mavericks.
Johanna Belitz, Head of Nordics at Valour, highlighted that the timing of the launch coincides with an increase in demand for Dogecoin following recent global events, including the US presidential election. The influence of public figures like Elon Musk continues to boost Dogecoin’s popularity, further increasing its relevance in the market.
Valor’s portfolio includes a wide range of digital asset ETPs, such as those tracking major cryptocurrencies like Bitcoin, Ethereum, and Solana. In addition to the Dogecoin ETP, Valor 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 last 24 hours.
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