Grayscale DOGE Trust Goes Live: What to Know

According to the official statement by its team, Grayscale, a veteran U.S. asset management office, adds Grayscale Dogecoin Trust to its suite of crypto

U.S. asset management giant Grayscale has unveiled its new cryptocurrency product, bringing the community one step closer to a DOGE ETF approval.

Grayscale DOGE Trust goes live: What to know

Veteran U.S. asset management office Grayscale adds Grayscale Dogecoin Trust to its lineup of crypto-based trusts offered exclusively to qualified investors, the firm announced on Monday.

The addition of Grayscale Dogecoin Trust was announced on Jan. 31, 2025.

We are proud to announce a new single-asset crypto investment fund, Grayscale Dogecoin Trust $DOGE.much wow, big exciteAvailable to eligible accredited investors.

The trust provides investors with exposure to Dogecoin (DOGE), the oldest and largest meme coin by capitalization. Introduced in 2013 as a fork of Litecoin (LTC), Dogecoin inspired the creation of a meme coin asset class that includes Shiba Inu (SHIB), Floki (FLOKI) and hundreds of copycats to date.

As with other Grayscale products, Grayscale Dogecoin Trust investors will not have to hold DOGE physically in cryptocurrency wallets to benefit from its price swings in both directions.

Grayscale Head of Product & Research Rayhaneh Sharif-Askary highlighted that the release of Grayscale DOGE Trust showcases the platform's dedication to building inclusive and democratic investment vehicles for various TradFi investor groups.

Dogecoin has matured into a potentially powerful tool for promoting financial accessibility. We believe, as a faster, cheaper, and more scalable derivative of Bitcoin, Dogecoin is helping groups underserved by legacy financial infrastructure to participate in the financial system. Grayscale Dogecoin Trust offers investors exposure to an asset that is positioned to help fulfill Bitcoin’s originally intended use case and its egalitarian ethos.

The newly launched DOGE trust is available only for the accredited investors, Grayscale stresses in its welcoming statement.

Dogecoin ETF in 2025: Community optimistic

The asset debuts at $9.99 per share, while Grayscale allocates 30 Dogecoins (DOGE) in its portfolio to back every share obtained.

As covered by U.Today previously, the opportunity of exchange-traded funds (ETFs) on Spot Dogecoin (DOGE) to be approved in 2020 is the talk of the town in crypto.

The odds of a DOGE ETF being greenlit in 2025 are rocketing on Polymarket, Polygon's most trending prediction markets site

Moreover, the community is expecting the releases of XRP, Solana, Cardano and Litecoin ETFs in the coming months.

Leading Canadian asset manager Purpose Investments submitted preliminary documents to the local regulator on Monday to request approval for an XRP ETF.