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    Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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Just In: Grayscale Opens DOGE to Investors with New DogeCoin Trust

Story Highlights
  • Grayscale Investments has launched the Grayscale Dogecoin Trust, offering investors exposure to DOGE.

  • Grayscale views Dogecoin as a tool for financial inclusion, citing its accessibility, affordability, and transaction speed.

  • This launch follows increased institutional interest in Dogecoin, including ETF applications.

Grayscale Investments has just launched the Grayscale Dogecoin Trust, opening up a new way for investors to get involved with DOGE. It’s come so far from just being a meme!

With its growing influence, Dogecoin is stepping into a new role as a tool for financial inclusion and global payments. Curious about how this new trust works and why Grayscale is betting big on DOGE?

Keep reading.

DOGE: A Powerful Financial Tool!

Grayscaleโ€™s Dogecoin Trust comes at a time when Dogecoin is no longer just a meme coin. Itโ€™s gaining recognition as a legitimate financial tool. Grayscale points out how DOGE has transformed from a Shiba Inu meme into a key player in financial inclusion, activism, and even payments. The company states,

โ€œDue to its widespread accessibility, affordability, and rapid transaction speeds, DOGE has garnered significant adoption worldwide,โ€ it noted.ย 

Rayhaneh Sharif-Askary, Grayscaleโ€™s Head of Product & Research, highlighted Dogecoinโ€™s potential to improve financial access. She explained that DOGE, as a faster and cheaper alternative to Bitcoin, helps underserved communities engage with the financial system.

โ€œGrayscale Dogecoin Trust offers investors exposure to an asset that is positioned to help fulfill Bitcoinโ€™s originally intended use case and its egalitarian ethos.โ€

How the Trust Works

The Grayscale Dogecoin Trust works just like Grayscaleโ€™s other single-asset investment trusts, and it is fully invested in Dogecoin. Eligible individual and institutional accredited investors can now subscribe daily to the trust, adding DOGE to their investment portfolios.

This launch comes as part of a wider trend in crypto-focused ETFs, with Bitwise recently filing for a DOGE-based ETF with the U.S. SEC.

Grayscaleโ€™s Growing Crypto Portfolio: What’s Next?

Grayscale is not stopping at Dogecoin. The company is also working on launching a spot XRP exchange-traded fund (ETF) on U.S. stock exchanges. Grayscale recently filed with the SEC to convert its XRP Trust into an ETF.

Grayscaleโ€™s Dogecoin Trust launch aligns with the shift in U.S. policy under President Donald Trump, who has expressed strong support for the cryptocurrency industry. Trumpโ€™s administration has helped pave the way for crypto innovations like the creation of the โ€œD.O.G.E.โ€ organization.

Since Trumpโ€™s election, several fund managers have applied for Dogecoin ETFs, a move that seemed unlikely under the previous administration.

Products like trusts and ETFs could help bring in even more investment, strengthening DOGEโ€™s place in the crypto market.

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