{"id":10702,"date":"2025-01-31T13:46:56","date_gmt":"2025-01-31T13:46:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10702"},"modified":"2025-01-31T13:46:56","modified_gmt":"2025-01-31T13:46:56","slug":"grayscale-unveils-new-dogecoin-trust","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10702","title":{"rendered":"Grayscale Unveils New Dogecoin Trust"},"content":{"rendered":"<div>\n<p>Grayscale has rolled out a new trust offering exposure to dogecoin (DOGE), the asset manager announced Friday.<\/p>\n<p>\u201cDogecoin represents a paradigm shift in global financial accessibility,\u201d Grayscale\u2019s head of product &amp; research, Rayhaneh Sharif-Askary, told CoinDesk. \u201cIts low transaction costs and rapid transfer speeds make it an optimal vehicle for international remittances, particularly in regions with underdeveloped banking infrastructure.\u201d<\/p>\n<p>The launch of the Dogecoin Trust comes only weeks after President Trump \u2014 who (likely with an assist from Elon Musk) named one of his newly formed groups the Department of Government Efficiency (D.O.G.E.) \u2014 took office with the promise of promoting the crypto industry.<\/p>\n<p>Since the Trump election victory, <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/01\/28\/bitwise-files-to-launch-dogecoin-etf\" target=\"_blank\">several asset managers<\/a> have filed applications for memecoin exchange-traded funds (ETFs), including DOGE, an unthinkable move just months ago under the previous administration and its SEC head Gary Gensler.<\/p>\n<p>With a market capitalization of nearly $50 billion, DOGE is the world\u2019s largest memecoin. Wrapping the token in an ETF or in Grayscale&#8217;s case, a trust, could attract capital from institutional investors. The token\u2019s price has already increased three-fold over the past year, with a particularly large move happening in the immediate weeks after the November election.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Grayscale has rolled out a new trust offering exposure to dogecoin (DOGE), the asset manager announced Friday. \u201cDogecoin represents a paradigm shift in global financial accessibility,\u201d Grayscale\u2019s head of product &amp; research, Rayhaneh Sharif-Askary, told CoinDesk. \u201cIts low transaction costs and rapid transfer speeds make it an optimal vehicle for international remittances, particularly in regions [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10702","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10702"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10702\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}