From Joke To Juggernaut: Dogecoin Value Revolution Gets Nod From Global Asset Giant
Swiss asset manager 21Shares has endorsed Dogecoin, highlighting its 130,000% price appreciation over the past decade. Initially a meme in 2013, Dogecoin has evolved into a significant player in the crypto market, boasting an annual growth rate of 125% since inception, making it the top performer among the largest cryptocurrencies. User adoption has surged, with wallet addresses increasing from 44 million to 84 million in four years. 21Shares filed an S-1 form with the US SEC for a Dogecoin ETF, allowing investors to gain exposure without directly owning the cryptocurrency. The fund would be commodity-based, integrating Dogecoin into traditional investment portfolios. A partnership with the House of Doge aims to legitimize Dogecoin within conventional finance. Additionally, 21Shares introduced an exchange-traded product backed by real Dogecoin at a 1:1 ratio, charging a competitive management fee of 0.25%. This model reassures investors of tangible backing rather than synthetic derivatives.
