From meme coin to mainstream investment? Grayscale Investments, the digital asset gurus, has now decided that Dogecoin deserves a seat at the grown-up investment table. Encouraging investors to join the DOGE bandwagon, Greyscale has announced the launch of Greyscale Dogecoin Trust, currently in the private placements stage, open only to accredited investors.
The PoW Dogecoin blockchain requires less computational power for transaction verification with no maximum limit on total supply. This latest development is a notable step as it can attract institutional investors seeking regulated crypto exposure. Will this lead to a Dogecoin ETF? Only time will tell.