21Shares Launches Spot Dogecoin ETF TDOG Now on NASDAQ

21Shares has launched a new spot Dogecoin ETF called TDOG, which started trading today on the NASDAQ.

The ETF gives investors direct exposure to Dogecoin without needing to buy or store the crypto themselves. The fund is fully backed by Dogecoin on a 1:1 basis and uses institutional-grade custody. It is designed to closely track Dogecoin’s price. TDOG charges a 0.50% management fee, which is calculated daily and paid weekly in DOGE.

This is the third spot Dogecoin ETF to launch, following similar products from Grayscale and Bitwise. The ETF targets investors who want easy access to Dogecoin through regular brokerage accounts, avoiding crypto wallets and exchanges.

21Shares said the launch builds on its partnership with House of Doge, the organization supporting the Dogecoin ecosystem. The company sees Dogecoin’s strong community and growing merchant adoption as positive signs for the network.

21Shares Expands Crypto ETF Offerings

The ETF is part of 21Shares’ broader expansion in crypto exchange-traded products. The firm already offers spot Bitcoin, Ethereum, Solana, and XRP ETFs. It has also launched a Dogecoin investment product in Europe to meet demand outside the U.S.

Federico Brokate, Global Head of Business Development at 21Shares, said Dogecoin has real-world use cases and a global community, making it suitable for a regulated ETF product.

Separately, 21Shares recently partnered with FalconX to expand its digital asset services across brokerage, liquidity, and investment management. The firm plans to grow its presence in North America, Latin America, and Europe.

Meanwhile, the Dogecoin community is working on new payment tools. House of Doge said it plans to launch a DOGE payment app called “Such” in the first half of 2026.