Grayscale Launches Dogecoin Trust for Accredited Investors
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Grayscale has officially launched the Dogecoin Trust
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According to the press release, the firm hopes to convert the Dogecoin Trust into an ETF in the future once the SEC becomes friendly towards crypto products.
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According to Rayhaneh Sharif-Askary, Grayscale’s head of Product & Research in the press release, “Dogecoin has matured into a potentially powerful tool for promoting financial accessibility.” She added that Dogecoin’s speed and low cost could help those who don’t have access to traditional banking systems.
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