Grayscale Launches Dogecoin Trust Amid Rising Institutional Interest
Grayscale Investments has introduced the Grayscale Dogecoin Trust, offering investors exposure to Dogecoin (DOGE).
Author: Sahil Thakur
Written On: Sun, 02 Feb 2025 04:58:08 GMT
Grayscale Investments has introduced the Grayscale Dogecoin Trust, offering institutional and accredited investors exposure to Dogecoin (DOGE). The move comes as institutional demand for Dogecoin investment products continues to rise.
Dogecoin’s Growing Institutional Appeal
Originally created as a meme coin, Dogecoin has since evolved into a widely used digital asset with a $50 billion market cap. Over the past year, its price has tripled, fueled by increased investor interest and a crypto-friendly policy shift under the Trump administration.
Grayscale sees Dogecoin’s low transaction fees and accessibility as key advantages for financial inclusion. The firm’s Head of Product & Research, Rayhaneh Sharif-Askary, stated:
Potential for a DOGE ETF?
Grayscale has launched similar products in the past, including the Grayscale XRP Trust in September 2024. The firm recently filed for a spot XRP ETF with the New York Stock Exchange on January 30.
It remains uncertain whether Grayscale will follow a similar path for Dogecoin, but the trust’s launch signals growing institutional confidence in the asset.
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In this article
Dogecoin’s Growing Institutional Appeal
Potential for a DOGE ETF?
