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Digital Asset Manager has launched MEME Coin Dogecoin investment trusts.
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Bitwise has applied for SEC to release Dogecoin ETF.
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The Memcoin is the moment when President Donald Trump launched his token just before taking office.
Glace Kale, a digital asset manager, announced Dogecoin Trust on Friday and expanded its cryptographic product.
Originally released as A jokeDOGECOIN (DououIt has evolved over time, and the market capitalization behind the support from Elon Musk is growing into the largest cryptographic assets.
GrayScale provided Bitcoin and ether as a trust before the US Securities and Exchange Commission (SEC) allows funds (ETF) traded on two cryptocurrency spot exchanges (ETF). After the approval was over, Grayscale converted Trusts into a spot.
In fact, the regulatory authorities have already received at least one application of DOGE ETF from BITISE. Investopedia did not immediately clarify whether Grayscale plans to convert this new Doge Trust to ETF, but if the regulatory authorities approved such products, the corporate spokesman said “Grayscale Dogecoin”. TRUST is aiming to simplify the investment process for investors to buy DOGE. “
Unlike ETFs that can be accessed by most investors, this graycale trast is Certified investor This is because the liquid is reduced and the risk is high. In addition, a higher management fee of 2.5 % compared to ETFs is charged.
And it's not just optimism around RUrgent clarity Under the Trump administration, the Mys's coins also have the moment with Trump. Launched his own memorial Immediately before the market capitalization, close to $ 50 billion, Dogecoin remains the most prominent Memcoin in the market. Dogecoin has increased by 3 % every day in the past year and has increased by 300 % or more.
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