In a final development, Grayscale Investments, a leading asset management company, announced the creation and launch of Grayscale Dogecoin Trust.
In particular, the trust offers investors the possibility of exposure to Doge. Grayscale believes that DOGE has gone from an same Shibiba Inu to a global financial inclusion tool, basic activism and a viable means of payment. “Because of its general accessibility, its affordability and its rapid transaction speeds, Doge has aroused significant adoption worldwide,” he noted.
Graycale’s product and research manager, Rayhaneh Sharif-Askary, stressed that Dogecoin has become a powerful tool to improve financial accessibility. He noted that as a faster, cheaper and more scalable version of Bitcoin, it helps groups poorly served to engage with the financial system.
“Grayscale Dogecoin Trust offers investors an exposure to an asset which is positioned to help make the initially planned use of Bitcoin and its egalitarian ethics.”
The trust is now open to daily subscriptions by eligible individual and institutional accredited investors. It works like other investment trust with a single active in Graycale and is fully invested in the Dogecoin token.
