Grayscale Launches Dogecoin Trust With $49.7 Billion Market Cap for Accredited Investors

Grayscale Investments has launched the Grayscale Dogecoin Trust, offering investors exposure to Dogecoin (DOGE), a cryptocurrency with a $49.7 billion market cap that has evolved from a meme coin to a tool for global financial inclusion, grassroots activism, and a viable means of payment.

The trust, which charges a 2.5% fee, is available to eligible accredited investors and is part of Grayscale's portfolio of over 25 crypto investment products.

According to Rayhaneh Sharif-Askary, Grayscale's Head of Product & Research, Dogecoin's low transaction costs and rapid transfer speeds make it an optimal vehicle for international remittances, particularly in regions with underdeveloped banking infrastructure. The launch comes amid a flurry of applications for memecoin exchange-traded funds (ETFs) following a shift towards a more crypto-friendly regulatory environment under President Donald Trump.

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