The race to bring new capital into Dogecoin is heating up. And now, Grayscale wants in on the action.
What’s happening:
- Crypto asset management giant Grayscale has officially launched a new private investment fund known as the Grayscale Dogecoin Trust
Why it matters:
- Dogecoin has been experiencing a paradigm shift lately as it has begun to transcend being merely a meme coin and has started to become a widely adopted payment method for large publicly traded companies such as Tesla (NASDAQ: TSLA) and AMC (NYSE: AMC)
Going deeper:
- Grayscale’s new trust for Dogecoin is currently only available to accredited investors and will not be listed on any major stock exchange within North America or Europe
- Spot Dogecoin ETFs are becoming more and more likely to debut on major stock exchanges in the United States, with notable asset management companies such as Bitwise just recently starting to make move to bring Dogecoin into the traditio
