Asset manager Grayscale launched a Dogecoin Trust early Friday morning, offering institutional and accredited investors the opportunity to allocate to crypto’s original meme coin.

Known for its spot Bitcoin and Ethereum ETFs, which also began as private placements, Grayscale believes the $49.7 billion meme coin is no longer a laughing matter.

The firm believes that Dogecoin has morphed over the years from a simple meme coin to a “tool for global financial inclusion, grassroots activism, and a viable means of payment,” according to a press release.

Late Friday afternoon, Grayscale also filed a 19b-4 form to convert the Trust into a proper spot ETF. That echoes the firm’s previous approved moves to convert its Bitcoin and Ethereum Trusts into ETFs, and reinforces the broader trend of companies filing to launch their own DOGE ETFs in America.

With a now seemingly crypto-friendly Securities and Exchange Commission under President Donald Trump, asset managers have filed a Go to Source to See Full Article
Author: André Beganski