Grayscale has launched a new confidence that offers exposure to Dogecoin (Doge), announced the asset manager on Friday.
“Dogecoin represents a paradigm shift in global financial accessibility,” said Grayscale, Rayhaneh Sharif-Askary. “His low transaction costs and his rapid transfer speeds make it an optimal vehicle for international remittances, particularly regions with underdeveloped bank infrastructure.”
The launch of Dogecoin Trust occurs only a few weeks after President Trump, who (probably with the assistance of Elon Musk) appointed one of his newly formed groups, the Government Efficiency Department (Doge), assumed office with The promise of promoting the cryptographic industry.
Since the victory of Trump’s elections, several asset administrators have submitted requests for funds quoted in the stock market (ETF) of Memecoin Exchange, including Doge, an unthinkable movement only months ago under the previous administration and his head of the SEC, Gary Gensler .
With a market capitalization of almost $ 50 billion, Dege is the largest memency in the world. Wrapping the token in an ETF or in the case of Grayscale, a trust, could attract capital of institutional investors. The price of Token has already increased three times during the last year, with a particularly large movement in the immediate weeks after the November elections.
