Grayscale Launches Dogecoin Trust
Grayscale Investments said on Friday it was launching an investment fund aimed at dogecoin, as the cryptocurrency asset manager looks to tap into the increasing momentum around alternatives to bitcoin.
Dogecoin and Shiba Inu are preparing to reclaim their month-highs and eye further upswings; DTX Exchange, a new DeFi-TradFi coin, is set to reshape the global trading scene.
A widely followed crypto analyst says that one rival of dog-themed meme assets Dogecoin (DOGE) and Shiba Inu (SHIB) is repeating a move it did previously that caused it to spark a 200% rally.
Grayscale, known for its Bitcoin and Ethereum spot ETFs, has now launched a Dogecoin trust for institutions and accredited investors.
Dogecoin currently trades at just $0.35 per token, but with a series of potential tailwinds in the pipeline, could now be a good buying opportunity while it's still below the milestone price of $1?
Grayscale Investments launches Dogecoin Trust, marking a significant step towards institutionalizing the meme coin for mainstream investment access.
Grayscale introduced a Dogecoin Trust for institutional investors, recognizing Dogecoin's evolution from a meme to a tool for financial inclusion. The trust, solely backed by Dogecoin, reflects institutions adapting to a changing regulatory environment.
Dogecoin whale with $100m portfolio compares a $0.0420 altcoin, WallitIQ (WLTQ), to Dogecoin at $0.0002, says now could be the best time to buy in its ongoing token presale.
Grayscale has launched a Dogecoin Trust, marking a major shift in how this once-dismissed memecoin is perceived. According to CoinDesk,
Grayscale has rolled out a new trust offering exposure to dogecoin (DOGE), the asset manager announced Friday.