## Dogecoin Trust Unveiled by Grayscale
### Main Conclusions
* Grayscale, a company that handles digital assets, has introduced an investment instrument focused on the Dogecoin meme coin.
* Bitwise has submitted paperwork to the SEC to introduce a Dogecoin ETF.
* Meme-based digital currencies are very fashionable at the moment, with even past President Trump joining the trend with his personal token.
Grayscale Investments is growing its digital currency selections with a fresh Dogecoin Trust.
Dogecoin (DOGE), which began as a jest, has developed into a significant participant in the digital currency space, presently holding the position of the eighth-biggest digital currency by market capitalization, partially because of support from Elon Musk.
Grayscale already provides Bitcoin and Ethereum trusts, and they desire to transform these into spot ETFs now that the SEC has approved such investment options.
Bitwise has additionally entered the competition with a DOGE ETF request. Although it’s not yet obvious if Grayscale intends to transform its new DOGE trust into an ETF, a business representative mentioned that the Grayscale Dogecoin Trust seeks to simplify DOGE investment for shareholders.
In contrast to ETFs, this Grayscale trust constitutes a private placement, signifying it’s exclusively accessible to qualified shareholders due to its reduced liquidity and elevated risk. It additionally carries a greater management charge of 2.5% relative to ETFs.
Meme-based digital currencies are incredibly well-liked currently, boosted by confidence regarding regulatory clarity, most notably with Trump introducing his own meme coin even before assuming office. Boasting a market capitalization nearing $50 billion, Dogecoin continues to be a leading meme coin. It has increased by 3% since the start of the year and over 300% during the last year. Toncoin (TON) Value Forecast for March 26th
