Valour Launches Dogecoin Exchange-Traded Product (ETP) in Sweden
Exciting news for crypto enthusiasts in the Nordics – Valour, a subsidiary of DeFi Technologies Inc., has just launched the first Dogecoin exchange-traded product (ETP) on the Spotlight Stock Market. This new Valour Dogecoin ETP offers investors a way to get in on Dogecoin, the 7th largest digital asset by market capitalization, without the hassle of owning actual cryptocurrency.
For those unfamiliar, Dogecoin is a fun and friendly digital currency that started back in December 2013 as a light-hearted take on Bitcoin. It uses a proof-of-work system that relies on miners to verify transactions and keep the network secure by solving complex math problems.
Elaine Buehler, Head of Product at Valour, shared, “Launching the world’s first Dogecoin ETP in the Nordics is a big step in our goal to make digital assets more accessible to everyone. We’re thrilled to offer investors a regulated product that captures the unique spirit of Dogecoin’s vibrant market presence.”
Dogecoin is widely known for its use in tipping content creators, making charitable donations, and handling small transactions with its quick speeds and low fees. Its rise in popularity has been fueled by endorsements from big names and a surge in public interest.
Valour’s Dogecoin ETP has landed just in time as Dogecoin’s market capitalization has actually surpassed that of luxury automaker Porsche. In the last month alone, Dogecoin has surged by 175% to reach a market cap of $57.8 billion, outstripping Porsche’s $56.1 billion market cap. This significant growth is partly due to ongoing support from figures like Elon Musk and the launch of Valour’s DOGE ETP.
Interest in Dogecoin has driven its market cap up by over 395% in the past year. The Spotlight Stock Exchange, which was founded in 1997, currently hosts 125 stocks and 25 exchange-traded products. Valour’s decision to offer the Dogecoin ETP reflects their commitment to expanding opportunities for digital asset investments in the Nordic region, presenting a fresh and innovative way for investors to explore the booming crypto market.
