Dogecoin gets another ETF but Wall Street’s memecoin appetite remains muted
21shares launched a new physically-backed Dogecoin ETF (TDOG), yet Wall Street's overall interest in Dogecoin ETFs remains low despite its community strength.Summary
Crypto ETF issuer 21shares has launched the 21shares Dogecoin ETF (TDOG) on the Nasdaq, offering investors regulated, physically-backed exposure to DOGE. 21shares is endorsed by the Dogecoin Foundation, which views this as a step toward broader accessibility. Despite this new listing and Dogecoin being the tenth largest crypto, Wall Street's appetite for Dogecoin ETFs is muted. The first spot Dogecoin ETF debuted in September 2025, but cumulative trading volume for all Doge ETFs is only around $200 million, holding less than $40 million in assets under management, significantly less than XRP ETFs. This lack of institutional interest is attributed by some to Dogecoin's nature as a community-driven memecoin whose price movements are often independent of ETF inflows. Meanwhile, efforts like a new mobile app from House of Doge aim to boost Dogecoin's utility in payments and commerce.
(Source：The Block)