21Shares launches DOGE spot ETF listed on NASDAQ, but market enthusiasm is far lower than XRP

Source: DigitalToday Original Title: 21 Shares Lists Physical Bitcoin ETF ‘TDOG’ on NASDAQ…Interest in Meme Coin ETF Remains Tepid Original Link:

21 Shares, a professional cryptocurrency ETF management firm, has listed a physical-based ETF tracking Dogecoin, ‘TDOG’, on NASDAQ.

21 Shares stated, “TDOG provides a means to access Dogecoin through a regulated ETF structure,” and “it reflects the expanding global community and real-world use cases of Dogecoin.” This product is the only ETF officially supported by the Dogecoin Foundation and is the fifth major cryptocurrency product from 21 Shares, following Bitcoin, Ethereum, Solana, and XRP.

However, the market trend for Dogecoin ETFs remains lukewarm. To date, Dogecoin ETFs have recorded a total trading volume of around $200 million, with assets under management not reaching $40 million. This contrasts with XRP ETFs launched at the same time, which have recorded over $2 billion in trading volume.

Market experts attribute this to the meme coin characteristics. Allen Olick of Dominant Strategies said, “Dogecoin shows a community-driven movement that has grown 21% weekly in price without ETF capital inflows.”