News View Non-AMP

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

Published by
Nidhi Kolhapur

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!

Grayscale’s Dogecoin Trust comes at a time when Dogecoin is no longer just a meme coin. It’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,

“Due to its widespread accessibility, affordability, and rapid transaction speeds, DOGE has garnered significant adoption worldwide,” it noted. 

Rayhaneh Sharif-Askary, Grayscale’s Head of Product & Research, highlighted Dogecoin’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.

“Grayscale Dogecoin Trust offers investors exposure to an asset that is positioned to help fulfill Bitcoin’s originally intended use case and its egalitarian ethos.”

How the Trust Works

The Grayscale Dogecoin Trust works just like Grayscale’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.

Grayscale’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.

Grayscale’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. Trump’s administration has helped pave the way for crypto innovations like the creation of the “D.O.G.E.” organization.

Since Trump’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 DOGE’s place in the crypto market.

Nidhi Kolhapur

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.

Recent Posts

Pi Network Price Prediction: Could Prices Below $0.70 Be the Best Buy Before the Next Rally?

The Pi Network is once again making headlines — but not for the reasons its…

June 5, 2025

XRP to $1,000? Ripple Co-founder Could Be Worth $2.7 Trillion, 500K Millionaire Boom Predicted

XRP is currently trading at $2.20, down 2.3% in the last 24 hours and about…

June 5, 2025

XRP Lawsuit End When? Expert Says SEC Dropped Appeal, 60-Day Delay Could Follow Ripple

It’s now been 20 days since Judge Analisa Torres denied both Ripple and the SEC’s…

June 5, 2025

XRP Price Prediction: Bearish Pattern, Bigger Picture and Key Levels Revealed

The price of XRP has been stuck in a tricky situation lately. While the long-term…

June 5, 2025

Dogecoin (DOGE) Price Analysis and Short-term Targets

The wider altcoin market, led by Dogecoin (DOGE), recorded a mild retrace in the last…

June 5, 2025

Coinbase to List PancakeSwap ($CAKE): Will This Trigger a Bullish Price Surge?

Coinbase Global Inc. (NASDAQ: COIN) announced plans to list PancakeSwap ($CAKE) in the near future.…

June 5, 2025