Ah, Grayscale, that venerable titan of asset management, has unfurled its latest banner in the grand carnival of cryptocurrency. With the Grayscale Dogecoin Trust now prancing about, we find ourselves tantalizingly close to the elusive DOGE ETF approval. Meanwhile, the opportunities for institutional investors to dip their toes into the whimsical waters of meme coins remain as scarce as a unicorn at a dog park.
Grayscale DOGE Trust goes live: What to know
In a proclamation worthy of a royal decree, Grayscale has unveiled its latest gem: the Grayscale Dogecoin Trust, a shiny new bauble in its collection of crypto-based trusts, now available exclusively to those fortunate enough to be deemed “qualified investors.” This momentous announcement was made on the 31st of January, 2025, a date that shall echo through the annals of meme history.
We are proud to announce a new single-asset crypto investment fund, Grayscale Dogecoin Trust $DOGE.
much wow, big excite
Available to eligible accredited investors.
Read the press release:
— Grayscale (@Grayscale) January 31, 2025
Ah, the trust offers a golden ticket for investors to bask in the glow of Dogecoin (DOGE), the granddaddy of meme coins, strutting its stuff since 2013, when it emerged from the shadows of Litecoin (LTC) like a cheeky jester. This delightful digital currency has inspired a veritable menagerie of imitators, including Shiba Inu (SHIB) and Floki (FLOKI), each vying for a slice of the meme pie.
Fear not, dear investors! With Grayscale’s offerings, you need not clutch your DOGE in a cryptocurrency wallet like a precious heirloom; you can revel in the price swings without the burden of physical possession. What a time to be alive!
Rayhaneh Sharif-Askary, Grayscale’s Head of Product & Research, waxes poetic about the DOGE Trust, asserting that it is a beacon of financial accessibility. She claims, with a flourish, that Dogecoin is a “faster, cheaper, and more scalable derivative of Bitcoin,” a veritable knight in shining armor for those left behind by the archaic financial system. The Grayscale Dogecoin Trust, she insists, is here to fulfill Bitcoin’s noble quest for egalitarianism. How very noble indeed!
However, let us not forget that this shiny new DOGE trust is a playground exclusively for accredited investors, as Grayscale is keen to remind us in its jubilant announcement.
Dogecoin ETF in 2025? Community remains optimistic
The asset makes its grand debut at a tantalizing $9.99 per share, with Grayscale generously allocating 30 Dogecoins (DOGE) to back each share. A veritable feast for the senses!
As previously reported by U.Today, the prospect of exchange-traded funds (ETFs) for Spot Dogecoin (DOGE) has become the hottest gossip in the crypto realm, with whispers of approval in 2025 sending ripples of excitement through the community.
On Polymarket, the prediction market that has become the talk of the town, the odds of a DOGE ETF being greenlit in 2025 are soaring higher than a kite on a windy day. Meanwhile, the community eagerly anticipates the arrival of XRP, Solana, Cardano, and Litecoin ETFs, as if they were the next big blockbuster releases.
In a delightful twist, the leading Canadian asset manager, Purpose Investments, has submitted preliminary documents to the local regulator today, seeking approval for an XRP ETF. The plot thickens!
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2025-01-31 19:15