Dogecoin

DOGE ETF

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Grayscale, a U.S.-based asset management firm, has shared the details of its new cryptocurrency-based product. With Grayscale Dogecoin Trust kicking off, the segment comes one step closer to DOGE ETF approval. Meanwhile, opportunities for institutional exposure to meme cryptos remain limited.
<h2 id="grayscale-doge-trust-goes-live-what-to-know">Grayscale DOGE Trust goes live: What to know</h2>
According to the official statement by its team, Grayscale, a veteran U.S. asset management office, adds <a href="https://www.grayscale.com/crypto-products/grayscale-dogecoin-trust" rel="noopener noreferrer nofollow">Grayscale Dogecoin Trust</a> to its suite of crypto-based trusts exclusively offered to qualified investors. The addition of DOGE trust was announced today, Jan. 31, 2025.
<blockquote class="twitter-tweet">
 We are proud to announce a new single-asset crypto investment fund, Grayscale Dogecoin Trust <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a>.much wow, big exciteAvailable to eligible accredited investors.Read the press release: <a href="https://t.co/tV5TC8uoHV" rel="noopener noreferrer nofollow">https://t.co/tV5TC8uoHV</a> <a href="https://t.co/cqqJxVRkIC" rel="noopener noreferrer nofollow">pic.twitter.com/cqqJxVRkIC</a>— Grayscale (@Grayscale) <a href="https://twitter.com/Grayscale/status/1885328499306795326?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 31, 2025</a>
</blockquote>
The trust offers investors the opportunity to gain exposure to Dogecoin (DOGE), oldest and largest meme coin by capitalization. Introduced in 2013 as a fork of Litecoin (LTC), Dogecoin (DOGE) inspired the creation of a meme coin asset class that includes Shiba Inu (SHIB), Floki (FLOKI) and hundreds of copycats to date.
As with other Grayscale products, Grayscale Dogecoin Trust investors do not have to hold DOGE physically in cryptocurrency wallets to benefit from its price swings in both directions.
Grayscale’s Head of Product &amp; Research Rayhaneh Sharif-Askary highlights that the release of DOGE Trust by Grayscale reaffirms the platform's commitment to building inclusive and democratic investment vehicles for various groups of TradFi investors:
<blockquote>
 Dogecoin has matured into a potentially powerful tool for promoting financial accessibility. We believe, as a faster, cheaper, and more scalable derivative of Bitcoin, Dogecoin is helping groups underserved by legacy financial infrastructure to participate in the financial system. Grayscale Dogecoin Trust offers investors exposure to an asset that is positioned to help fulfill Bitcoin’s originally intended use case and its egalitarian ethos.
</blockquote>
The newly launched DOGE trust is available only for the accredited investors, Grayscale stresses in its welcoming statement.
<h2 id="dogecoin-etf-in-2025-community-remains-optimistic">Dogecoin ETF in 2025? Community remains optimistic</h2>
The asset debuts at $9.99 per share, while Grayscale allocates 30 Dogecoins (DOGE) in its portfolio to provide backing for every share obtained.
As covered by U.Today previously, the opportunity of exchange-traded funds (ETFs) on Spot Dogecoin (DOGE) to be approved in 2025 is the talk of the town in crypto.
The odds of a DOGE ETF being greenlit in 2025 are rocketing on Polymarket, Polygon's most trending prediction markets website.
Also, the community is expecting the releases of XRP, Solana, Cardano and Litecoin ETFs in the coming months.
Leading Canadian asset manager Purpose Investments submitted preliminary documents to the local regulator today to request <a href="https://u.today/xrp-etf-23-billion-canadas-asset-manager-joins-race" rel="noopener noreferrer nofollow">XRP ETF</a> approval. <a href="https://u.today/doge-etf-next-grayscale-excites-crypto-with-meme-coin-fund" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

DOGE ETF Next? Grayscale Excites Crypto With Meme Coin Fund

Table of Contents

U_Today

Other articles published on Jan 31, 2025

SEC’s Unexpected Approval of Bitwise ETF Sparks Crypto Market Speculation

El Salvador Adapts Bitcoin Laws to IMF Loan Terms, Alters Crypto Acceptance Mandate

Arthur Hayes Predicts Bitcoin Surge to $250,000 Amid Market Uncertainty

Project Review: Core DAO (CORE)

Brett Was Yesterday—Arctic Pablo Is the Top Meme Coin to Invest in February 2025

Uniswap launches V4 with customized pools and swaps

Join our free newsletter for daily crypto updates!