The first Dogecoin ETP fund is here! Listed on the Swedish securities exchange, DOGE market capitalization exceeds 59 billion US dollars, surpassing Mercedes-Benz and Porsche..

Decentralized Finance Technologies (DeFi), a financial technology company, recently announced that its subsidiary, Valor, has launched the first DOGE ETP (Valor Dogecoin ETP) in the Nordic region on the Spotlight stock exchange in Sweden, providing Nordic investors with the opportunity to invest in DOGE. According to CoinGecko, DOGE’s market capitalization exceeded $61 billion, surpassing well-known companies such as Porsche and Porsche. Valor Dogecoin ETP will charge a management fee of 1.9%. It is an ETP (Exchange Traded Product), which is a financial product that packages various assets (such as stocks, bonds, and commodities) into tradable securities on an exchange. It provides investors with the opportunity to participate in the rise and fall of these underlying assets indirectly and achieve diversified investment. DOGE’s recent rally has been fueled by Trump’s victory celebrations and the support of Tesla founder Musk, with an increase of up to 150% in the past month and a DOGE price of $0.4145 at the time of writing. Other types of ETPs include ETF (Exchange Traded Fund), ETN (Exchange Traded Note), ETD (Exchange Traded Debt), and ETC (Exchange Traded Commodity).