Grayscale Introduces Dogecoin Trust For Institutional Investors

Grayscale has launched a new trust designed to offer institutional investors exposure to Dogecoin (CRYPTO: DOGE), marking a notable step in the evolution of meme coins as investable assets.

What Happened: The company announced the product on Friday, emphasizing the increasing demand for structured financial products tied to cryptocurrencies.

Rayhaneh Sharif-Askary, head of product and research at Grayscale, highlighted Dogecoin’s appeal as a low-cost, high-speed transaction cryptocurrency.

She noted that its affordability and efficiency make it particularly useful for cross-border remittances, especially in regions where access to traditional banking services remains …

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