Grassscale Investments have launched the Grassscale Dogocine Trust, which offers exposure to institutional and recognized investors for dogcoin.
This step increases institutional interest and increases the increasing demand for Dogecoin (DOGE) investment products, According For a Grassscale press release.
Dogcoin, initially built as a meme coin, has developed widely developed in digital assets adopted with market capitalization of $ 50 billion. In the last one year, its price has been tripled, which is inspired by the increasing investor interest and the expansion of crypto-friendly policies under the Trump administration.
Grassscale believes that the access and low transaction cost of dogcoin makes it a viable tool for financial inclusion.
“Dogcoin has matured in a potentially powerful tool to promote financial access,” wrote by Rehaneh Sharif-Auri, head of Grassscale’s Product and Research. “We believe, as a sharp, cheap and more scalable derivative of bitcoin, is helping groups reduced by the heritage financial infrastructure to participate in the dogcoin financial system.”
DOGE ETF?
Grassscale has taken a similar approach with other cryptocurrency investment products, such as its Ripple (XRP) Trust. In September 2024, the company launched the Grassscale XRP Trust, which provides recognized investors with the XRP exposure, used on the token XRP laser.
According to a press release by Ripple, the XRP Trust is available for daily membership for qualified investors and operates similar to Grassscale’s other solo-asset investment trusts.
On January 30, Grassscale announced its filing for a spot XRP exchange-traded funds with the New York Stock Exchange. It remains to be seen whether the firm will pursue a similar strategy for Dogcoin.
