What is the 21Shares 2X Long Dogecoin ETF?

The 21Shares 2X Long Dogecoin ETF (TXXD) is a new exchange-traded fund that offers investors two times the daily performance of Dogecoin, minus fees.

Where can I trade the TXXD ETF?

The TXXD ETF began trading on the Nasdaq Exchange on Thursday.

Is the new Dogecoin ETF risky?

Yes, like other leveraged ETF products, TXXD is inherently riskier and targets short-term use by risk-tolerant investors.

Home / Business and Economy / Dogecoin Leaps with 2x Leveraged ETF on Nasdaq

Dogecoin Leaps with 2x Leveraged ETF on Nasdaq

21 Nov

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Summary

A new 2x leveraged Dogecoin ETF began trading on Nasdaq.
The ETF aims for double daily DOGE performance, minus fees.
This launch follows a trend of new altcoin-focused ETFs.

Dogecoin Leaps with 2x Leveraged ETF on Nasdaq

Investors can now gain leveraged exposure to Dogecoin through a new exchange-traded fund listed on the Nasdaq. The 21Shares 2X Long Dogecoin ETF (TXXD) is designed to mirror twice the daily price movements of DOGE, after accounting for associated costs. This marks 21Shares' initial step into offering levered products.

The introduction of TXXD occurs amidst a surge of new listings for cryptocurrency ETFs, including those focused on Solana and XRP. This increased activity reflects a strong market demand for diverse crypto investment vehicles, with other Dogecoin-related funds also seeing significant interest and inflows.

This leveraged ETF is intended for short-term use by investors with a high tolerance for risk. The fund is a collaboration with House of Doge, building on previous partnerships for crypto exchange-traded products. 21Shares also offers ETFs for Ethereum, Solana, and Bitcoin.

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