CandleFocus Grayscale Unveils New Dogecoin Trust
2025-01-31
Author: Content Editor
Grayscale, an asset manager, has launched a trust offering exposure to dogecoin (DOGE), citing its low transaction costs and rapid transfer speeds as reasons for its potential use in international remittances. This move comes as the Trump administration takes office with plans to promote the crypto industry. Despite being a memecoin, DOGE has a market capitalization of nearly $50 billion, making it the world's largest memecoin. The launch of a trust or ETF for DOGE could attract institutional investors, and the token's price has seen significant growth in the past year.
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