Grayscale Launches Dogecoin Trust Amid Meme Coin ETF Hype
GrayScale has launched a new investment product that provides risks to Dogecoin (Doge), which shows how the asset manager views the changes in coins that have disappeared.
The company believes that DOGE has surpassed Internet humor and can play a role in global financial availability.
Dogecoin ETF momentum increase
New Introduce Dogecoin Trust is a closed fund that provides investors with 2.5 % management fee.
Following the political development of the United States, President Donald Trump established Government Efficiency Department (Doge) Under the leadership of Elon Musk.
“We proudly announced that the new single -asset crypto investment fund GrayScale Dogecoin Trust Doge. Dogecoin is helping Legacy Financial InfratusStruction to participate in the financial system,” grayscale Write On X (previously Twitter).
Since Trump’s victory, several investment companies have submitted files including Meme Coin ETF, including Dogecoin. Previous SEC Chairman Gary Gensler This kind of product has been resisted, but the changing regulatory emotions have led to a new wave of applications.
Earlier this week BITWISE officially applied for Dogecoin ETFSeek approval according to the Securities Law. The application named Coinbase’s custodian as the fund’s custodian, but missed key details, including fees and stock symbols.
“Dao Ji, who was originally a coin, is now regarded as a tool for global financial inclusiveness, grassroots actionism and feasible payment methods. This is due to its low transaction costs and rapid transfer speeds.” Write Scott Melker in all streets.
Forecast market A strong response to the development of these situations. ETF approved polymer odds jumped to 56 %. This reflects the increase in confidence in supervision of crypto investment products.
Gray expansion and encryption products
GrayScale continues to promote new cryptocurrency -based financial products. Earlier today, the company became the fifth house Asset manager must apply for XRP ETFEssence
The company has been expanding to Bitcoin mining investment, Launched Bitcoin miner ETF (MNRS)Essence The fund’s focus is on companies that generate income through Bitcoin mining business.
This allows investors to obtain the impact of mining -related companies without directly holding cryptocurrencies.
Competition between asset managers is increasing. last week, Gray submitted ETF file For Litecoin, SoranaAnd the other three cryptocurrencies.
In the latest files, Grayscale’s Litecoin ETF is the best opportunity for early approval. Golden Skin Capital also submitted a similar application Recognized by SECEssence
At the same time, GrayScale has expanded the list of potential future encryption investment products. Add nearly 40 digital assets Considering its investment portfolio.
The company’s active promotion of encrypted ETF reflects the increasing demand for mainstream investment choices in digital asset space.
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