Main to remember
- Digital Asset Manager launched an investment trust for the same Coin Dogecoin.
- Bitwise also placed the launch of a Dogecoin ETF with the dry.
- The pieces even have a moment with American president Donald Trump, even launched his own token just before its inauguration.
Digital Asset Manager Grayscale unveiled a Dogecoin trust on Friday, widening its crypto offers.
Originally launched as a jokeDogecoin (DOGE) has evolved over time, growing up to become the eighth largest cryptographic asset by market capitalization behind the support of Elon Musk.
Grayscale also offered bitcoin and ether as a trust, before the American Commission for Securities and Exchange (SEC) grants funds (ETF) negotiated on the stock market (ETF) for the two cryptocurrencies. Once approval has passed, Graycale has converted the trustees to ETF Spot.
In fact, the regulator has already received at least one application for an ETF Doge from Bitwise. Investopedia has not immediately clarified if Graycale plans to convert this new Doge Trust into an ETF if the regulator approves such products, but a company spokesperson said that the “Grayscale Dogecoin Trust aims to simplify the process of ‘Investment “so that investors buy Doge.
Unlike FNB which are accessible to most investors, this gray level trust is a private placement available only for Accredited investors Because it could be less liquid and include a higher risk. It also charges higher management fees of 2.5% compared to ETF.
And it is not only optimism around REguulatory clarity Under the Trump administration, the pieces even have a moment, especially with Trump Launch of its own same Just before taking office with market capitalization nearly $ 50 billion, Dogecoin remains the most important part of the market. Dogecoin is up 3% for the start of the year and more than 300% in the past year.