Spotlight Stock Market approves first DOGE based ETP in the Nordic countries for trade

Spotlight Stock Market has approved Valour Dogecoin (DOGE) for trade. The instrument is issued by Valour Inc and the first day of trade for tracker certifikates for DOGE is today, November 26, 2024. This is the first listing in the Nordic countries for an instrument based on the much talked about crypto currency DOGE, currently the seventh largest digital asset in the world.

”We are very proud of how fast our ETP segment has developed and that we in partnership with Valour continue to break new ground. Through Elon Musk’s interest in the asset, DOGE has become a hot topic far outside the normal crypto sphere, so I am really happy for Spotlight to become the first exchange in the Nordics to offer this instrument, with all the extra security offered by trading on a marketplace, Spotlight Stock Market CEO Anders Kumlin says.

The ETP segment of Spotlight Stock Market was launched on June 10 this year and currently the segment contains 25 different instruments, all issued by Valour. DOGE is among the oldest crypto currencies, created in 2013 as a light-hearted option to Bitcoin, using the dog of the “doge” meme as its logo. Today, DOGE as a whole is valued at over USD 60 billion, making it the seventh largest digital asset in the world.

”Demand for DOGE has increased significantly after the US presidential election, where Elon Musk played a large role and who often emphasizes DOGE as an asset. Thus, the timing is perfect to introduce Dogecoin on the Nordic market. We continue our rapid pace in launching instruments on Spotlight, aiming to double the number of instruments listed for trade”, Valour Inc Head of Nordics Johanna Belitz says.