New Dogecoin ETP Launch Could Drive DOGE Price Up by 100%
The very first Dogecoin Exchange Traded Product (ETP) has just been unveiled, creating a buzz about a potential spike in DOGE’s price. Along with other positive factors contributing to DOGE’s recent price surge, this new ETP sets the stage for a potential 100% increase to reach new all-time highs.
Valour Inc., a DeFi technology subsidiary, has introduced a Dogecoin ETP on Sweden’s Spotlight Stock Market. This move marks a historic moment as it becomes the world’s first Dogecoin ETP available in Northern Europe, specifically in the Nordic countries.
According to a Press Release by Valour, this new Dogecoin ETP expands the DeFi company’s range of products and reaches a wider audience. Valour currently offers access to various regulated digital asset ETPs, including popular cryptocurrencies like Bitcoin and Ethereum. With around 40 ETPs on exchanges and $609 million in total Assets Under Management (AUM), Valour aims to tap into new markets and investors with the introduction of the Dogecoin ETP.
The recently launched Dogecoin ETP will provide investors with easier access to the meme coin’s market performance without the complexities or risks associated with direct crypto ownership.
Elaine Buehler, the Head of Product at Valour, is enthusiastic about this milestone, emphasizing the company’s commitment to democratizing access to digital assets. The launch of the world’s first Dogecoin ETP aligns perfectly with Valour’s mission, and Buehler is excited to offer a product that encapsulates the essence of DOGE’s dynamic nature.
