21Shares Rings Nasdaq Bell for Dogecoin ETF Launch but Limited Adoption Raises Questions on Growth Potential

TL;DR:

On February 17, 2026, 21Shares, a global issuer of cryptocurrency exchange-traded products, marked a celebratory milestone at the Nasdaq MarketSite in New York’s Times Square. President Duncan Moir rang the opening bell to honor the firm’s newly launched Dogecoin ETF, ticker TDOG—the only such produ...

Key Points:

Background:

Exchange-Traded Funds (ETFs) are investment vehicles that track cryptocurrency prices and trade on traditional stock exchanges. Bitcoin and Ethereum ETF approvals have been major milestones for crypto adoption, allowing institutional and retail investors to gain exposure without directly holding digital assets.

Why It Matters:

ETF approvals are significant because they provide regulated access to cryptocurrency investments for traditional finance investors, potentially bringing billions in new capital to the crypto market. They also signal regulatory acceptance and legitimization of digital assets as an investment class.