Unthinkable a year ago – today reality: a mememcoin has arrived in the institutions
- Dogecoin is institutionally recognized-the world’s largest ETP provider 21shares even calls him a movement.
- 21Shares applied for a Dogecoin ETF and thus finally proves the successful integration of cryptocurrency into traditional finance.
Dogecoin, the cryptocurrency that came up in 2013 as an Internet parody, now attracts the attention of institutional investors. The global asset manager 21Shares has described the Dogecoin as “a movement”, which goes beyond its initial status as a meme coin and thus signals a broader shift on the cryptom market.
The announcement takes place at a time when the cryptom market is more committed by the regulatory authorities and a greater participation of traditional financial institutions. While the origins of Dogecoin are in internet culture and popularity in social media, its increasing market performance and the growing user base have forced its importance in the crypto area.
It’s official: We’ve partnered exclusively with the @HouseofDoge to launch the only Dogecoin ETPs endorsed by the Dogecoin Foundation globally.
This exclusive partnership celebrates one of the most passionate communities in crypto — and expands access to $DOGE through… pic.twitter.com/pjUfvCy2iq
— 21Shares (@21Shares) April 9, 2025
According to the data highlighted by 21shares, DOGECOIN with its price development has been one of the cryptocurrencies with the best performance on the market in the past ten years. Since its foundation, Dogecoin has recorded a cumulative profit of 130,000%, which corresponds to an annual growth rate of 127%. This performance exceeds many established cryptocurrencies within the top 25 after market capitalization.
In addition to the price increase, the Dogecoin network has also experienced growth in user activity. The number of wallet addresses that hold Dogecoin rose from 44 million in 2020 to around 84 million in 2024.
21Shares stated that the transaction pace and the low transaction costs of Dogecoin contribute to its acceptance. The functionality of the wealth value as a quick and affordable means of payment is seen as a driver for the interest of private customers and institutional customers.
21Shares is aiming for Dogecoin ETF in the USA.
In addition to his public approval of the development of Dogecoin, 21 -shares have made regulatory applications in order to increase institutional engagement in cryptocurrency. The recent submission of the asset manager at the US Securities and Exchange Commission in the form of an S-1 registration declaration contains a proposal for the approval of a exchange-traded Dogecoin fund.
The proposed fund would be backed up 1: 1 with physically kept Dogecoin and would offer investors an engagement in the asset without having to own it directly. In the event of approval, the ETF would charge an administrative fee of 0.25 %.
The application for admission was submitted after 21 shares have teamed up with House of Doge, the entrepreneurial arm of the Dogecoin Foundation. With this partnership, 21Shares works to fully merge Dogecoin with traditional financial framework in order to gain investors from different groups that are not part of the crypto world.
Effects on the acceptance of cryptocurrencies
The growing recognition of Dogecoin by established financial companies reflects a broader trend in the mainstream adoption in the cryptocurrency industry. Assets that were once dismissed as speculative or novelty are now integrated into regulated investment products.
The proposed Dogecoin ETF, about which we reported in our previous post, supports an ongoing movement in the industry to make cryptocurrencies accessible to traditional financial products. These new structures offer various ways to participate in digital assets that are compatible with the regulatory guidelines.
At the same time, the development of Dogecoin illustrates the changing nature of the cryptom market itself. What started as a community -driven project with limited expectations has developed into a functioning digital asset network with real applications.
The announcement marks an important historical step in the development of Dogecoin. In Dogecoin, the asset manager sees more than just a funny picture of a cryptocurrency, because Dogecoin represents a developing consensus about the maturation of the cryptom market.
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