Key Takeaways Digital asset manager has launched an investment trust for the meme coin Dogecoin.Bitwise has also filed for the launch of a Dogecoin ETF with the SEC.Meme coins are having a moment with U.

The launch of the Dogecoin Trust, which charges investors a management fee of 2.5%, comes only weeks after President Trump — who (likely with an assist from Elon Musk) named one of his newly formed groups the Department of Government Efficiency (D.O.G.E.) — took office with the promise of promoting the crypto industry.

Grayscale has launched a Dogecoin Trust, marking a major shift in how this once-dismissed memecoin is perceived. According to CoinDesk,

Grayscale Investments launches Dogecoin Trust, marking a significant step towards institutionalizing the meme coin for mainstream investment access.

The launch of a Dogecoin Trust follows rising institutional demand for a DOGE exchange-traded fund (ETF). Asset managers including Bitwise, Rex and Osprey recently filed for Dogecoin ETFs with the Securities & Exchange Commission (SEC).

Grayscale, known for its Bitcoin and Ethereum spot ETFs, has now launched a Dogecoin trust for institutions and accredited investors.

Leading crypto-focused asset manager Grayscale Investments launched its Grayscale Dogecoin Trust tracking Dogecoin (DOGE).

Crypto asset management firm Grayscale is announcing the launch of a new trust that would give investors access to the popular meme asset Dogecoin (DOGE).

STAMFORD, Conn., Jan. 31, 2025 (GLOBE NEWSWIRE) -- Grayscale Investments®, a leading crypto asset management firm, offering more than 25 crypto investment products, today announced the creation and launch of Grayscale® Dogecoin Trust (the "Trust”).

Grayscale has launched the Dogecoin Trust, offering investors exposure to DOGE. Despite the announcement, Dogecoin is down 3% in the past 24 hours, trading at $0.3255.