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Alex O’Donnell
6 hours ago


VALOUR LAUNCHES FIRST-EVER DOGE ETP

The ETP will trade on Sweden’s Spotlight Stock Market, offering investors'
access to the world's largest memecoin.

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Crypto fund issuer Valour has launched the first exchange-traded product (ETP)
for Dogecoin DOGE $0.3895 , the famed memecoin, according to a Nov. 26
announcement from Valour’s parent company, DeFi Technologies.

The ETP will trade on Sweden’s Spotlight Stock Market, enabling retail and
institutional investors to gain exposure to the world’s largest memecoin by
market cap in a regulated fund wrapper, Valour said.

The asset manager launched Valour DOGE ETP “[i]n light of the recent [United
States] presidential election results and the subsequent surge in demand for
Dogecoin […] bolstered by influential figures like Elon Musk,” Johanna Belitz,
Valour’s head of Nordics, said in a statement.

Source: Dogecoin


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RELATED: QED, NEXUS AIM TO BRING SMART CONTRACTS TO DOGECOIN


The crypto market surged following Donald Trump’s victory in the US presidential
election, as many believe his win will benefit the industry, Cointelegraph
Research said.

Meanwhile, the memecoin market became one of the fastest-growing sectors in the
crypto space in 2024.

Memecoin platform Pump.fun is one of this year’s runaway success stories,
playing a major role in the ascent of the Solana SOL $231.98 blockchain network.

Initially launched in 2013 as a satirical commentary on BTC, DOGE now commands a
total market capitalization of some $55 billion, according to CoinMarketCap.

Dogecoin operates on its own proof-of-work (PoW) blockchain network similar to
Bitcoin’s but with less computationally intensive transaction verifications and
no upper limit on total Dogecoin supply. Dogecoin does not support smart
contracts.

It is widely considered the first memecoin but is also used for micropayments
and tipping.

Source: CoinMarketCap

On Nov. 15, plaintiffs withdrew a 2022 class-action lawsuit filed against Elon
Musk and Tesla alleging that the businessman manipulated the price of DOGE
through media appearances and social media posts.

On Nov. 26, the former CEO of Binance, Changpeng “CZ” Zhao, urged the crypto
community to shift its focus away from memecoins and into building “real”
blockchain applications.

Valour’s parent company, DeFi Technologies, manages approximately $600 million
in assets across a variety of crypto-native strategies.

On July 17, Valour launched an ETP for Near Protocol’s native token, NEAR. It
also trades on Sweden’s Spotlight Stock Market

Magazine: Make Ethereum feel like Ethereum again: Based rollups explained

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