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Crypto asset management firm Grayscale is announcing the launch of a new trust that would give investors access to the popular meme asset Dogecoin (DOGE<\/a>).<\/p>\n In a new press release, the investment giant says<\/a> it is creating the Grayscale Dogecoin Trust as it believes DOGE has matured from a simple memecoin into a legitimate global financial tool.<\/p>\n As stated by Grayscale\u2019s head of products and research, Rayhaneh Sharif-Askary,<\/p>\n \u201cDogecoin 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. <\/em><\/p>\n Grayscale Dogecoin Trust offers investors exposure to an asset that is positioned to help fulfill Bitcoin\u2019s originally intended use case and its egalitarian ethos.\u201d<\/em><\/p>\n According to the press release, the Dogecoin Trust will operate like any other one of the firm\u2019s trusts and solely invest in DOGE, the native asset of the blockchain.<\/p>\n Last December, it was unveiled<\/a> that Grayscale launched two new trusts centered around liquid staking service Lido DAO (LDO<\/a>) and layer-2 scaling solution Optimism (OP<\/a>).<\/p>\n Other crypto-based trusts offered by Grayscale include ones for payments altcoin XRP,<\/a> layer-1 blockchain Avalanche (AVAX<\/a>), stablecoin issuer Maker (MKR<\/a>), machine learning marketplace Bittensor (TAO<\/a>) as well as contract platform Sui Network (SUI<\/a>).<\/p>\n DOGE is trading for $0.338 at time of writing, a fractional increase during the last day.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Crypto asset management firm Grayscale is announcing the launch of a new trust that would give investors access to the popular meme asset Dogecoin (DOGE). In a new press release, the investment giant says it is creating the Grayscale Dogecoin Trust as it believes DOGE has matured from a simple memecoin into a legitimate global […]<\/p>\n","protected":false},"author":2,"featured_media":130955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-364064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/364064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=364064"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/364064\/revisions"}],"predecessor-version":[{"id":364074,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/364064\/revisions\/364074"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/130955"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=364064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=364064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=364064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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