DOGE -5.13% Amid 21Shares’ 2x Long Dogecoin ETF Launch

On NOV 20 2025, DOGE dropped by 5.13% within 24 hours to reach $0.14733, DOGE dropped by 10.11% within 7 days, dropped by 21.33% within 1 month, and dropped by 53.59% within 1 year.

21Shares Launches 2x Leveraged Dogecoin ETF

21Shares, a global leader in cryptocurrency ETFs, launched the 21Shares 2x Long Dogecoin ETF (TXXD) on NASDAQ on November 20, 2025. The product is designed to provide investors with twice the daily return of DOGE, before fees and expenses. TXXD offers a structured, regulated, and transparent vehicle for those seeking leveraged exposure to Dogecoin without direct crypto custody.

The ETF operates under a 1.89% annual fee and is issued by 21Shares US LLC. As a leveraged product, TXXD is intended for short-term use and active management, given the compounding effects that may distort multi-day returns relative to the underlying asset.

Strategic Partnership With House of Doge

The launch of TXXD underscores 21Shares’ deepening collaboration with the House of Doge, the corporate arm of the Dogecoin Foundation. Both entities are equal partners in advancing Dogecoin’s ecosystem. Earlier this year, 21Shares launched the only Dogecoin ETP endorsed by the Dogecoin Foundation, a milestone in institutional adoption.

This partnership reflects Dogecoin’s transition from a meme-based digital asset to a community-driven, real-world-utility token. The House of Doge has been instrumental in promoting merchant adoption and expanding the infrastructure for Dogecoin usage globally.

Institutional-Grade Access to a Growing Ecosystem

Dogecoin’s ecosystem has seen significant development, with major retailers like Tesla and AMC Theatres accepting DOGE for transactions. These developments, coupled with the token’s cultural resonance and community-driven ethos — encapsulated in its slogan “Do Only Good Everyday” — have driven increased institutional interest.

Federico Brokate, Global Head of Business Development at 21Shares, emphasized that TXXD provides a simplified and secure method for investors to engage with Dogecoin’s potential, offering institutional-grade transparency and liquidity.

Post-Acquisition Expansion by 21Shares

The launch of TXXD follows 21Shares’ recent acquisition by FalconX, a leading digital asset prime brokerage. The acquisition strengthens 21Shares’ capacity to offer innovative crypto products across the U.S. and Europe, including Bitcoin, Ethereum, and Solana ETPs.

This new leveraged offering is part of 21Shares’ broader strategy to cater to evolving market demand, particularly in the altcoin space. The firm has previously launched non-leveraged and leveraged ETPs and now extends its product suite to include Dogecoin derivatives.

Market Context and Risks

While Dogecoin’s ecosystem continues to evolve, the token has experienced a steep decline in value over the past year. As of November 20, 2025, DOGE had fallen over 50% from its 2021 peak and was trading near $0.147. The 21Shares 2x Long Dogecoin ETF introduces a new layer of exposure for investors navigating this volatile market.

However, leveraged products like TXXD come with heightened risks. Daily compounding effects may cause performance over multiple days to deviate significantly from twice the underlying index. The product is best suited for sophisticated investors who understand the risks associated with leverage and market volatility.

Conclusion

The 21Shares 2x Long Dogecoin ETF (TXXD) marks a pivotal development in the evolution of Dogecoin as an institutional asset. By offering leveraged exposure through a regulated and transparent vehicle, 21Shares is enabling a broader range of investors to access a digital asset that has grown from an internet joke into a globally recognized cryptocurrency.

As the market continues to stabilize and Dogecoin’s utility expands, the launch of TXXD reflects the growing convergence between traditional finance and decentralized digital assets.