Grayscale Investments has introduced the Grayscale Dogecoin Trust, providing a new investment avenue for Dogecoin (DOGE). This initiative highlights the evolution of DOGE from a memecoin to a significant tool for global financial inclusion and grassroots activism.

Key factors contributing to the increasing adoption of Dogecoin include:

• Accessibility
• Affordability
• Quick transaction speeds

The Head of Product & Research at Grayscale emphasized that Dogecoin serves as a faster, cheaper, and more scalable alternative to Bitcoin. This characteristic allows underserved communities to engage more effectively with the financial system. The Grayscale Dogecoin Trust is now available for daily subscriptions to eligible individual and institutional accredited investors, functioning similarly to Grayscale’s other single-asset investment trusts, with all investments made directly in Dogecoin.

This announcement follows the formation of a new organization called “D.O.G.E.” by U.S. President Donald Trump, who has expressed support for the cryptocurrency sector.

📎 Related coverage from: coinpedia.org