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Dogecoin Trust Launched by Grayscale

Grayscale Launches Dogecoin Trust and Files for ETF Conversion

  • Grayscale introduced a Dogecoin Trust, targeting institutional and accredited investors.

  • The firm plans to convert the Trust into a spot ETF, following its Bitcoin and Ethereum strategies.

  • Dogecoin’s market value is approximately $49.7 billion.

  • Dogecoin traded at $0.33 on Friday morning, down by 1% from the previous day.

  • Grayscale’s Consumer and Culture Crypto Sector includes Dogecoin as its largest asset.

Grayscale has launched a Dogecoin Trust aimed at institutional investors, with plans to convert it into an ETF. Currently valued at $49.7 billion, Dogecoin remains a significant asset in Grayscale’s portfolio despite recent price fluctuations.

Source (2.6)https://decrypt.co/303843/bitcoin-and-ethereum-etf-issuer-grayscale-debuts-a-new-dogecoin-trust?rand=52368
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