21Shares has announced the launch of the 21Shares 2x Long Dogecoin ETF, now trading on Nasdaq.
The fund, under the ticker symbol TXXD, is one of the first leveraged crypto ETFs for a major meme coin, reflecting increasing demand for regulated crypto products designed for sophisticated and risk-tolerant market players.
How the 2x Dogecoin ETF Works
The 21Shares 2x Long Dogecoin ETF targets 200% of the daily price performance of Dogecoin, before fees and expenses. Unlike traditional crypto ETPs or spot ETFs, leveraged products like TXXD reset their exposure daily, meaning gains (and losses) compound with each trading session. This construction suits short-term strategies, active traders, and institutional participants who want to bet on high volatility or execute market timing, rather than long-term “HODLing”.
The ETF can be bought and sold during normal Nasdaq hours through standard brokerage accounts, giving traders a familiar, regulated structure. 21Shares designed the ETF with transparency and liquidity in mind, and warned that over holding periods longer than one day, TXXD’s returns could differ significantly due to the mechanics of daily compounding. It requires active monitoring and is not suitable for buy-and-hold approaches typical of standard cryptocurrency spot funds.
The launch also builds on the partnership between 21Shares and the House of Doge, the entity tied to the Dogecoin Foundation, emphasizing strong community support backing the ETF. This follows successful launches of Dogecoin ETPs in Europe and comes as 21Shares finalizes its acquisition by FalconX, a global digital asset prime broker.
Access to Leveraged Crypto Strategies
The debut of the 2x Long Dogecoin ETF on Nasdaq demonstrates how regulatory advances and exchange partnerships are mainstreaming access to leveraged crypto strategies. 21Shares has indicated that Dogecoin’s uniquely energetic community and trajectory from meme to recognized digital asset influenced its selection for a leveraged fund, with growing merchant adoption and real-world utility reinforcing its appeal.
This ETF expands the growing menu of crypto-based investment products tailored to U.S. traders and global institutions, marking a new stage for digital asset innovation on Wall Street. Its listing follows the launch of leveraged Bitcoin and Ethereum ETFs, signaling continued convergence between traditional and decentralized finance.
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