Grayscale launches DOGE trust: is an ETF next? 

Grayscale Investments launched the Grayscale Dogecoin Trust, offering institutional and accredited investors an exposure to Dogecoin.

This decision follows an increase in institutional interest and a growing demand for Dogecoin (DOGE) Investment products, according to to a press release in gray levels.

DOGECOIN, initially created as a meter piece, has become a largely adopted digital asset with a market capitalization of $ 50 billion. In the past year, its price has tripled, motivated by the growth in investors’ interests and the expansion of friendly crypto policies in the Trump administration.

Grayscale thinks that Dogine accessibility and low transaction costs make it a viable tool for financial inclusion.

“Dogecoin has become a potentially powerful tool to promote financial accessibility,” wrote Rayhaneh Sharif-Askary de Grayscale. “We believe that, as a faster, cheaper and more scalable derivative of Bitcoin, Dogecoin helps groups poorly served by the financial infrastructure inherited to participate in the financial system.”

DOGE ETF?

Grayscale adopted a similar approach with other cryptocurrency investment products, such as its undulation (Xrp) trust. In September 2024, the company launched the Grayscale XRP Trust, offering accredited investors an exposure to XRP, the token used on the large XRP book.

The XRP Trust has been available for daily subscriptions to qualified investors and operates in a similar way to the other Single Placement Fiducies in Graycale, according to a press release from Ripple.

January 30, gray levels announcement Its deposits for a fund negotiated on XRP stock market on the New York Stock Exchange. It remains to be seen if the company will continue a similar strategy for Dogecoin.