The world’s largest digital asset manager, Grayscale, has been an announcement of the Dogecoin (Doge)!

Crypto para Asset Manager Grayscale Investments launched Dogcoin Trust, which offers individual and corporate accredited investors the opportunity to be exposed to Doge through a stock -based format.

Grayscale argues that Dge has turned into a simple memecoin a legitimate financial vehicle with a Shiba Inu dog. “Grayscale believes that Doge has become a Memecoin into a global financial participation, base activism and a applicable payment tool,” the company said. The company showed Doga’s accessibility, purchasability and high trading speeds as factors that contribute to global adoption.

Established as a joke in 2013, Dogge is working on the Dogecoin network fork, fork’den Litecoin, a derivative of Bitcoin.

This move of Grayscale came after the increase in the momentum of Dogge with the establishment of the Government Efficiency Department (Doge) under the direction of US President Donald Trump. Tesla CEO and long -term supporter Elon Musk managed by the White House unit is reported to investigate block -based federal systems. Potential practices include monitoring of government expenditures, management of the infrastructure and facilitating payments; But the discussions are still in the early stages.

The Dogecoin Trust launch corresponds to a period in which an interest in a potential Doga Stock Exchange Investment Fund (ETF) increases. At the beginning of this week, Bitwise, a crypto asset manager, made a S-1 record to the US Securities and Stock Exchange Commission for a Spot Dogecoin ETF. Osprey Funds and Rex Shares also submitted similar offers.

Can the Dogecoin ETF be implemented in 2024? Orum I think everything is on the table under the new administration, N Nate Gerraci, President of ETF Store, said. Bloomberg’s senior ETF analyst Eric Balchunas reiterated this idea by saying, “Today’s humor is the ETF of tomorrow”.

*It is not an investment advice.