Grayscale Introduces Dogecoin Trust for Institutional Investors

The asset manager highlights Dogecoin's evolution from a meme coin to a tool for financial inclusion and payment solutions.

Grayscale has launched the Dogecoin Trust, offering accredited investors exposure to the cryptocurrency through a private placement.
The company describes Dogecoin as a faster, cheaper, and scalable alternative to Bitcoin, with potential for global financial inclusion and remittances.
Dogecoin, initially conceived as a meme coin, now holds a market capitalization of nearly $50 billion, ranking as the world's eighth-largest cryptocurrency.
The trust reflects growing institutional interest in altcoins, with Grayscale citing Dogecoin's utility in underserved regions with limited banking infrastructure.
This move follows a wave of crypto-friendly regulatory shifts under the Trump administration, including increased applications for memecoin ETFs.