Swedish Stock Exchange Lists a Dogecoin ETP

A new Dogecoin Exchange Traded Product (ETP) has been launched on the Swedish stock exchange, providing greater accessibility to the widely popular memecoin.

Valour, a subsidiary of Canada’s DeFi Technologies, launched the Valour Dogecoin (DOGE) SEK ETP on the Spotlight Stock Market in Sweden as part of their mission to make digital assets more accessible to the public.

With a market capitalization of $59.5 billion, Dogecoin ranks as the seventh largest digital asset, driven by the strong community and support from figures like Elon Musk.

Musk’s involvement with Dogecoin has recently sparked controversy, as investors accused him of promoting the coin through his Twitter account and an appearance on Saturday Night Live, causing a surge of 36,000% in its value before its subsequent crash. During his SNL appearance, Musk jokingly referred to Dogecoin as a “hustle” in a skit on the segment “Weekend Update.”