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NDA -11.00% TSLA -6.57%
The public markets have become obsessed with crypto. But, is Dogecoin next?
What’s happening:
- There has been a flurry of new moves recently in the traditional public markets around Dogecoin, with asset management giants and publicly traded companies beginning to race towards becoming a first mover to provide meaningful exposure to Dogecoin as an asset
Why it matters:
- Dogecoin is one of the largest digital assets in the world by market capitalization, however it is yet to be widely accessible through the traditional public markets in North America
Who is making moves:
- Bitwise just recently announced they plan to form a spot Dogecoin ETF for the first time ever
- Grayscale just recently launched a new private investment vehicle for exposure to Dogecoin, which they intend to eventually convert to a publicly listed entity
- Neptune Digital Assets (TSXV: NDA) just recently acquired 1M Dogecoin tokens, marking their first ever purchase of Dogecoin to hold directly as an asset
Going deeper:
- Dogecoin has been making waves as it begins to transcend purely being a meme coin and move towards being adopted as a payment method, which has already attracted Elon Musk’s Tesla (NASDAQ: TSLA)
