Grayscale, a U.S.-based asset management company, has shared details about its new cryptocurrency product. With the launch of the Grayscale Dogecoin Trust, this segment is one step closer to the approval of a DOGE ETF. Meanwhile, institutional exposure to meme cryptocurrency remains limited.

Grayscale DOGE Trust Launch: What You Need to Know

According to the official statement from the team, Grayscale, a veteran asset management company in the United States, has added the Grayscale Dogecoin Trust to its suite of cryptocurrency-based trust funds for qualified investors. The addition of the DOGE trust was announced today, January 31, 2025.

This trust fund gives investors the opportunity to access Dogecoin (DOGE), the oldest and largest meme coin by market capitalization. Introduced in 2013 as a branch of Litecoin (LTC), Dogecoin (DOGE) has inspired the creation of a meme asset class that includes Shiba Inu (SHIB), Floki (FLOKI), and hundreds of clones to date.

Like other Grayscale products, investors in the Grayscale Dogecoin Trust do not need to hold actual DOGE in a cryptocurrency wallet to benefit from price volatility in either direction.

Grayscale's Head of Product and Research, Rayhaneh Sharif-Askary, emphasized that the launch of the DOGE Trust reaffirms the platform's commitment to building comprehensive and democratic investment vehicles for various TradFi investor groups:

Dogecoin has evolved into a powerful tool for promoting financial accessibility. We believe that as a faster, cheaper, and more scalable derivative product of Bitcoin, Dogecoin is helping groups underserved by the old financial infrastructure engage with the financial system. The Grayscale Dogecoin Trust provides investors access to an asset positioned to fulfill Bitcoin's original use case and its egalitarian nature.

Grayscale highlighted in its welcoming statement that the newly launched DOGE trust is only for accredited investors.

Dogecoin ETF in 2025? The Community Remains Optimistic

This asset has an initial offering price of $9.99 per share, while Grayscale allocates 30 Dogecoin (DOGE) in its portfolio to provide support for each share acquired.

The likelihood of exchange-traded funds (ETFs) on Spot Dogecoin (DOGE) being approved in 2025 is a hot topic of discussion in the cryptocurrency community.

The DOGE ETF approval rate is skyrocketing for 2025 on Polymarket, the most popular prediction market site on Polygon.

Additionally, the community is looking forward to the launch of XRP, Solana, Cardano, and Litecoin ETFs in the coming months.

Canada's leading asset management company, Purpose Investments, has submitted initial documents to local regulators today to request approval for an XRP ETF.

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