The first Dogecoin ETP fund is here! Listed on the Swedish stock exchange, DOGE's market cap exceeds $59 billion, surpassing Mercedes-Benz and Porsche..

The financial technology company DeFi Technologies recently announced that its subsidiary Valor has launched the first Dogecoin ETP in the Nordic region on the Swedish Spotlight stock exchange - Valor Dogecoin (DOGE) ETP, providing Nordic investors with the opportunity to invest in Dogecoin. (Background: Musk participates in the US government project “DOGE”, possibly stimulating Dogecoin to break the resistance target of $0.5) (Additional background: Arthur Hayes: Bitcoin will reach $250,000 by the end of 2025! Dogecoin is looking at $1) DeFi Technologies announced on November 26 that its subsidiary Valor has launched the first Dogecoin ETP in the Nordic region on the Swedish Spotlight stock market - Valor Dogecoin (DOGE) ETP, providing Nordic investors with the opportunity to invest in Dogecoin. According to the announcement, this Dogecoin ETP will charge a management fee of 1.9%. The Nordic director of Valour commented: Given the recent US election results and the surge in market demand for Dogecoin, launching our Dogecoin ETP on the Spotlight stock market aligns with our mission to timely provide investors with access to high-demand digital asset opportunities. Dogecoin's market cap breaks $61 billion According to CoinGecko data, Dogecoin has surged by 150% in the past month, fueled by the celebration of Trump's victory and support from Tesla founder Musk, with a market cap exceeding $61 billion, surpassing well-known companies like Mercedes-Benz and Porsche. As of the writing, Dogecoin is priced at $0.4145, with a 24-hour increase of 6.8%. What is an ETP? ETP stands for Exchange Traded Products, which refers to financial products traded on an exchange, distinct from buying individual stocks. ETPs securitize various assets (such as stocks, bonds, commodities) and package them into tradable financial products. Investors can indirectly participate in the price fluctuations of these underlying assets through ETPs, achieving diversified investment. Thus, the advantages of ETPs include: Coverage of various assets and investment strategies Providing more opportunities to access stocks and indices A collective investment structure that is usually cheaper than investing in underlying assets, serving as a low-cost alternative to funds Some ETPs may enjoy tax benefits Additionally, what we commonly know as ETFs are actually a type of ETP. Common types of ETPs include: Exchange Traded Funds (ETF) Exchange Traded Notes (ETN) Exchange Traded Debts (ETD) Exchange Traded Commodities (ETC) Nowadays, most cryptocurrency ETFs are spot or futures products; while the more common structure of cryptocurrency ETPs includes debt contracts, staking, short selling, and leveraged products, although their structural requirements are not as strict as ETFs, their disclosure requirements are quite similar. Extended reading: What are the differences between Bitcoin ETFs and ETPs? A summary of the pros and cons of common ETNs, ETDs, and ETCs Is the next round for Solana spot ETF? Since Trump's presidency, the market has increasingly called for a spot ETF product for the public chain Solana. As of now, four institutions have submitted application documents seeking regulatory approval for their SOL ETF, namely Canary Capital, 21Shares, Bitwise, and VanEck. However, despite SEC Chairman Gary Gensler announcing his resignation in January and potential loosening of cryptocurrency regulations under Trump's leadership, Solana ETF still faces several significant challenges for listing: Insufficient decentralization: SOL is held by a large number of institutions SEC regulatory issues: Solana's position in the cryptocurrency market is still not on par with Bitcoin and Ethereum. If the SEC approves a Solana spot ETF, it may also struggle to refuse similar requests from other public chains in the market, which could lead to regulatory complications. Lack of SOL futures ETF: Most importantly, SOL currently lacks a futures ETF to demonstrate its market maturity and stability. Related reports Vitalik: Solana's demand for decentralization is much lower than ETH, Ethereum is the only one comparable to Bitcoin Solana spot ETF went from almost hopeless to “expected by the end of 2025”, what challenges remain? SEC rejects VanEck, 21Shares' Solana spot ETF 19b-4 application, views SOL as a security? "The first Dogecoin ETP fund is here! Listed on the Swedish stock exchange, DOGE's market cap exceeds $59 billion, surpassing Mercedes-Benz and Porsche.." This article was first published on BlockTempo (the most influential blockchain news media).