In a twist that would make even the most seasoned wizards raise an eyebrow (or two), the noble corporate knights of the illustrious Dogecoin Foundation have decided to join forces with 21Shares, the proverbial wizards of the crypto exchange-traded product (ETP) realm. Yes, indeed, a new Dogecoin (DOGE) product is about to grace the markets—hold onto your hats, folks!
With great fanfare, the two powers have declared their partnership to unleash DOGE ETPs upon the globe. Fans of fur-covered finance everywhere are suddenly feeling a shiver of anticipation, or perhaps that was just the last of their sanity slipping away.
Straight from the mouth of Jens Wiechers, who is a bit of an expert according to his business card, we get the following sage wisdom:
“This partnership marks a very large step forward for the Dogecoin vision—a vision that some might say is clearer than a foggy night in Ankh-Morpork.
With Dogecoin being invented to be a jolly good time for peer-to-peer transactions, it has somehow pulled off demonstrations of real-world usefulness! It loiters in payments, sneaks around tipping, and even dons a charity cape when the occasion arises. We require institutional support, like a cat needs a sunbeam, to really put the ‘fun’ in ‘fundamental currency.’
Our little venture with 21Shares provides a delightful path for big organizations to jump aboard the ‘Dogecoin is Money’ bandwagon, all while keeping the community spirit intact—like a fairy tale without the annoying dragons. Global adoption is critical, and we’re thrilled about this next step—because who wouldn’t want Dogecoin to be fun yet operate with the poised dignity of a tea party on the Queen’s lawn?”
Dogecoin, the original memecoin that could charm a wizard off his broom, is strutting about with 21Shares, whose assets are chummily lounging around the $7 billion mark across 11 major exchanges.
As if that weren’t enough, here comes Duncan Moir, the grand poobah of 21Shares, sharing his pearls of wisdom:
“Registered investment vehicles are essential for broadening access to digital assets, like how a Swiss Army knife is essential for outdoor adventures—minus the risk of getting stabbed by the fork attachment.
Dogecoin’s ever-growing popularity is akin to spotting a particularly stout troll at a bar: it’s hard to ignore its importance in the crypto ecosystem. By forming this alliance with the illustrious House of Doge, we’re making sure that transparent and institutional-grade investment options can finally take the stage (without tripping over the curtain, we hope). This move shows our dedication to expanding who gets to join the party while still minding the rules, unlike that one uncle at family gatherings.
As of this very moment, DOGE is strutting its economic stuff at $0.150, having bounced up 1.7% in the last 24 hours. Truly, history shall remember this day when laughs and numbers met in a cryptocurrency landscape resembling a particularly spirited tavern brawl.
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2025-04-10 21:42