Grayscale Launches Trust Offering for Dogecoin Exposure
Grayscale launched a new trust for dogecoin (DOGE), announced on Friday. Key points include:
- Dogecoin is seen as beneficial for global financial accessibility due to low transaction costs and rapid transfer speeds.
- The Dogecoin Trust charges a management fee of 2.5%.
- This launch follows President Trump's election, who aims to promote the crypto industry.
- Several asset managers have filed applications for DOGE ETFs since the election.
- DOGE has a market capitalization of nearly $50 billion, making it the largest memecoin.
- The token’s price has tripled over the past year, with significant increases post-election.