DOGE -1.09% Amid 21Shares Launches 2x Long Dogecoin ETF

On NOV 20 2025, DOGE dropped by 1.09% within 24 hours to reach $0.15417, DOGE dropped by 6.35% within 7 days, dropped by 18.04% within 1 month, and dropped by 51.65% within 1 year.

21Shares Introduces Leveraged ETF for Dogecoin

21Shares, a leading provider of cryptocurrency exchange-traded products (ETPs), has launched the 21Shares 2x Long Dogecoin ETF (TXXD). The new product, now trading on NASDAQ, is designed to deliver twice the daily performance of Dogecoin (DOGE) before fees and expenses. The ETF provides investors with a regulated, exchange-traded option to gain leveraged exposure to DOGE, accessible through traditional banking and brokerage platforms.

The 2x Long Dogecoin ETF carries an expense ratio of 1.89% and is issued by 21Shares US LLC. The launch marks a strategic extension of 21Shares’ product offerings in the U.S. market, following its acquisition by FalconX, a major digital asset prime brokerage. The ETF builds on 21Shares’ existing collaboration with the House of Doge, the official corporate arm of the Dogecoin Foundation, which has previously co-developed a Dogecoin ETP in Europe.

Strategic Expansion and Institutional Access

The partnership between 21Shares and the House of Doge underscores the growing institutional interest in Dogecoin. The House of Doge has been instrumental in fostering Dogecoin’s transition from a meme-based cryptocurrency to a digital asset with real-world utility. Their joint efforts aim to expand access to the Dogecoin ecosystem through regulated financial products, leveraging the community-driven nature of the cryptocurrency.

This ETF is particularly significant in the context of Dogecoin’s ecosystem developments, including increasing adoption by major retailers like Tesla and AMC Theatres. As the community continues to emphasize the “Do Only Good Everyday” principle, the new product provides institutional and retail investors with a structured way to engage with the Dogecoin market.

Leveraged Exposure and Investment Risks

The 2x Long Dogecoin ETF is intended for sophisticated investors who understand the risks associated with leveraged products. Daily compounding effects mean that performance over multiple days may deviate significantly from two times the underlying asset’s return. The ETF is not designed for long-term holding and should be managed with active oversight.

Federico Brokate, Global Head of Business Development at 21Shares, highlighted the ETF as a tool to simplify participation in Dogecoin’s growth while maintaining transparency, liquidity, and institutional-grade reliability. Marco Margiotta, CEO of House of Doge, emphasized the collaborative vision of expanding the ecosystem and supporting the community-driven innovation behind Dogecoin.

Market Context and Ecosystem Growth

Despite the recent price decline, Dogecoin’s ecosystem continues to evolve. The cryptocurrency has been increasingly accepted as a form of payment, and its community-driven initiatives have spurred financial inclusion and charitable efforts globally. The launch of TXXD aligns with these developments, offering investors a regulated mechanism to gain exposure to a digital asset that has grown beyond its origins as an internet meme.

The introduction of a leveraged ETF for Dogecoin marks a key milestone in the broader acceptance of cryptocurrency within traditional financial markets. As the market continues to mature, such products are likely to play a critical role in bridging the gap between decentralized digital assets and institutional-grade investment vehicles.