Crypto fund issuer Valour has launched the first exchange-traded product (ETP) for Dogecoin, according to a Nov. 26 announcement from Valour’s parent company, DeFi Technologies. The ETP will trade on Sweden’s Spotlight Stock Market, enabling both retail and institutional investors to gain exposure to Dogecoin, currently the largest memecoin by market cap with approximately $55 billion. Dogecoin operates on its own proof-of-work blockchain, similar to Bitcoin, but allows for less intensive transaction verifications and has no supply cap. While initially introduced in 2013 as a satirical take on Bitcoin, Dogecoin is now utilized for micropayments and tipping. This launch follows a significant interest in the memecoin market in 2024 and amid discussions about the future shift of major players in the crypto industry. Valour, which manages around $600 million in assets across various crypto strategies, previously launched an ETP for Near Protocol’s NEAR token.

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