Grayscale Launches Dogecoin Trust | Global News Avenue

Digital Asset Manager GrayScale launched Dogecoin Trust on Friday to expand cryptocurrency products.

Initially jokeDogecoin (Doge) Over the passage of time, due to the support of Elon Musk, more and more more and more encrypted assets are increasingly.

Before the US Securities and Exchange Commission (SEC) allows two types of cryptocurrencies (ETFs), GrayScale also provided Bitcoin and Ethereum as a trust. Once approved, the grayscale converts the trust to discover ETF.

In fact, regulators have received at least one Doge ETF application from Bitwise. InvestOpeDia did not immediately clarify whether the grayscale plan plans to convert this new Doge Trust into ETF. If the regulatory agency approves such products, the company spokesman said that “gray Dogecoin Trust is designed to simplify the investment process” so that investment Purchase Doge.

Unlike ETFs that most investors can use, the gray trust is a private resettlement Recognized investor Because it may be less liquid and higher risk. Compared with ETF, it also charges a higher management fee of 2.5 %.

It is not just an optimistic emotion for RExpression clarity Under the leadership of the Trump administration, the cause coin also has a moment, especially in Trump Initiate your own members Before work, the market value was nearly $ 50 billion, and Dogecoin was still the most outstanding coin in the market. Dog coins have increased by 3 % since the beginning of the year, and have increased by more than 300 % over the past year.