- 21Shares lists a 2X Dogecoin ETF on Nasdaq, offering twice DOGE’s daily performance.
- FalconX completes its 21Shares deal to expand digital asset access worldwide.
- DOGE ETFs surge as major issuers add leveraged and non-leveraged products.
21Shares has launched a 2X leveraged Dogecoin ETF on Nasdaq, marking a major expansion of Dogecoin-linked investment products as prime brokerage FalconX finalizes its acquisition of the firm. The new product, listed under the ticker TXXD, provides investors with twice Dogecoin’s daily performance before fees and expenses, strengthening the bridge between crypto culture and regulated financial markets.
A Leveraged DOGE Product Lands on Wall Street
The 21Shares 2x Long Dogecoin ETF (TXXD) began trading on Nasdaq on November 20, offering 200% of Dogecoin’s daily performance. The ETF carries a 1.89% fee, is dollar-denominated, and is accessible through standard brokerage accounts and banks.
This marks the first leveraged Dogecoin ETF in the U.S. from a major issuer, following growing demand for altcoin-focused ETFs. Dogecoin maintains a market capitalization of over $22 billion, despite falling nearly 23% in the past 30 days.
Federico Brokate, Global Head of Business Development at 21Shares, said the new ETF delivers “leveraged exposure… through a regulated and transparent structure—combining transparency, liquidity, and institutional-grade reliability.”
The product targets risk-tolerant traders, as performance can diverge from 2X returns over longer periods due to daily compounding. Like all leveraged exchange-traded funds, TXXD is designed for short-term trading rather than long-term holding.
FalconX Acquisition Expands Global Reach
TXXD’s launch coincides with FalconX completing its acquisition of 21Shares, integrating the world’s largest crypto ETP issuer with one of the industry’s leading prime brokerages.
FalconX CEO Raghu Yarlagadda said the combined entity will accelerate innovation and widen access to digital assets globally. The firm plans to expand across the U.S., Europe, and Asia-Pacific, supported by FalconX’s institutional trading and risk-management platform.
The acquisition leaves 21Shares operationally independent under CEO Russell Barlow, preserving its existing structure while strengthening product development capabilities.
FalconX now supports a portfolio of more than 55 listed products managed by 21Shares, representing over $11 billion in assets as of September.
The deal follows FalconX’s earlier strategic moves, including acquiring Arbelos Markets in January 2025 and investing in Monarq Asset Management in June to broaden its actively managed digital-asset offerings.
Dogecoin’s Institutional Shift Gains Momentum
The new ETF is the latest in a series of Dogecoin-focused investment vehicles emerging in the U.S. and abroad:
- Grayscale is preparing to list its Dogecoin Trust as an ETF on the NYSE.
- Bitwise filed to launch its own Dogecoin ETF after removing a delaying amendment from its S-1.
- The Rex-Osprey Dogecoin ETF (DOJE) debuted in September and has generated $17 million in trading volume.
- A growing number of issuers are also entering the leveraged Dogecoin segment.
The rise in DOGE-linked products reflects expanding demand beyond Bitcoin and Ethereum, as altcoin ETFs gain traction. Solana funds from Bitwise and VanEck, and an XRP fund from Canary Capital, have recently joined the market.
Partnership With House of Doge Strengthens DOGE’s Ecosystem
TXXD was developed through an exclusive partnership with House of Doge, the commercial arm of the Dogecoin Foundation. The two entities previously launched the only Dogecoin ETP in Europe, which carries the Foundation’s global endorsement.
Marco Margiotta, CEO of House of Doge, said the ETF represents “the strength and momentum of a growing community of investors that continue to shape the future of crypto.”
Overall, the Dogecoin ecosystem has seen rising real-world utility, with companies like Tesla and AMC Theatres accepting DOGE for payments. Moreover, the community’s “Do Only Good Everyday” principle continues to support global charitable and financial-inclusion initiatives.
