PANews reported on January 22 that, according to Decrypt, the 21Shares spot DOGE ETF, backed by the Dogecoin Foundation, was listed on Nasdaq on January 22, trading under the ticker symbol TDOG. This product is the first spot Dogecoin ETF in the US to receive formal approval from the SEC, allowing retail and institutional investors to access Dogecoin through traditional brokerage accounts. The president of 21Shares stated that the ETF primarily targets young, affluent mainstream investors. This is the third spot DOGE ETF to enter the US market, following products launched by Bitwise and Grayscale.