Grayscale introduces Grayscale Dogecoin Trust, boosting hopes for a Dogecoin ETF. Learn more about this new fund and its impact on Dogecoin's financial accessibility.
Grayscale, a leading digital asset management company in the US, has announced details of its new product. By launching the Grayscale Dogecoin Trust, the company takes a step towards confirming an Exchange-Traded Fund (ETF) for Dogecoin (DOGE). This move comes as financial institutions still have limited access to meme coins. The Grayscale Dogecoin Trust is added to the company’s product lineup. Available from January 31, 2025, this product is only offered to eligible investors. It allows investors to benefit from Dogecoin price fluctuations without physically holding the coins in digital wallets. Priced at $9.99 per share, the fund is backed by 30 Dogecoins each.
