GRAYSCALE LAUNCHES DOGECOIN TRUST, EXPANDING CRYPTO INVESTMENT OFFERINGS - Prominent crypto asset management firm @Grayscale has announced the creation and launch of Grayscale® Dogecoin Trust (the "Trust"). - The latest offering expands the firm's portfolio of over 25 investment products, allowing investors to gain exposure to $DOGE, the native asset of the Dogecoin network. Key Details: - Grayscale sees Dogecoin evolving from its origins as a memecoin to be a widely adopted digital asset recognized for its accessibility, affordability, and fast transaction speed. - The firm's Head of Product and Research, Rayhaneh Sharif-Askary, disclosed that the asset offers financial accessibility and scalability as a derivative of Bitcoin. - “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,” Rayhaneh stated. - The Dogecoin Trust offers similar functions to other Grayscale single-asset investment products and is solely invested in Dogecoin. - It is now open for daily subscription by accredited individual and institutional investors with plans to position its shares for secondary market trading, though approval is not guaranteed. Image obtained from Grayscale and Dogecoin X accounts