21Shares, a notable global asset manager, endorsed Dogecoin, highlighting its transcendence beyond its meme coin origin.
The internet joke-themed asset has gained mainstream adoption despite its emergence as a mere meme token. In a Thursday tweet, 21Shares highlighted this and the many achievements tied to Dogecoin.
Dogecoin isn’t just a meme—it’s a movement.
With 130,000%+ returns, a $30B market cap, and 84M+ wallets, DOGE is rewriting what value means in the digital age.
Explore how culture, community, and memes drive this phenomenon. Read the full blog → https://t.co/wNFYdM2pjS pic.twitter.com/ojfYEkVCwQ
— 21Shares (@21Shares) April 10, 2025
Dogecoin, a Meme That Made It
The Swiss-headquartered asset manager suggested that Dogecoin has transcended its meme coin origin to become one of the prominent cryptocurrencies in the industry. It branded DOGE a movement, as the token continues to blaze the trail for other meme coins.
Furthermore, 21Shares stressed Dogecoin’s performance since its debut as a clear indication of its emergence to global relevance.
For context, it noted that DOGE has surged a staggering 130,000% over the last decade, translating to a 127% annualized appreciation. This impressive feat has solidified the meme coin’s place as the best-performing asset among the top 25 cryptocurrencies by market cap.
Meanwhile, the crypto ETF issuer also underscored Dogecoin’s rapidly growing ecosystem, which has seen wallet addresses surge from 44 million to 84 million in the past four years.
With increasing retail and institutional adoption and its use case as a fast, low-cost transactional asset, 21Shares stressed that the prominent meme coin has entered another chapter of its exciting story.
21Shares Files S-1 Form for Dogecoin ETF
Remarkably, the comments followed the asset manager’s recent S-1 filing for a 21Shares Dogecoin ETF with the US Securities and Exchange Commission. It registered the commodity-based fund and was looking to provide alternative exposure to Dogecoin with the regulator yesterday.
The submission comes on the heels of a partnership with the House of Doge, the official corporate arm of the Dogecoin Foundation. The collaboration seeks to expand DOGE’s access to the traditional financial system.
It’s official: We’ve partnered exclusively with the @houseofdoge to launch the only Dogecoin ETPs endorsed by the Dogecoin Foundation globally.
This exclusive partnership celebrates one of the most passionate communities in crypto — and expands access to $DOGE through… pic.twitter.com/pjUfvCy2iq
— 21Shares (@21Shares) April 9, 2025
Furthermore, 21Shares launched the first Dogecoin exchange-traded product fully backed by the Dogecoin Foundation. The product will back the exchange-traded product 1:1 with physically held DOGE and charge a management fee of 0.25%.
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