Graycale has deployed a new trust offering an exhibition in Dogecoin (DOGE), the asset manager announced on Friday.
“Dogecoin represents a paradigm change in global financial accessibility,” said Rayhaneh Sharif-Askary. “Its low transaction costs and rapid transfer speeds make it an optimal vehicle for international funds, especially in regions with underdeveloped banking infrastructure.”
The launch of the Dogecoin Trust, which invoices investors of management costs of 2.5%, comes only for weeks after President Trump – who (probably with an Elon Musk’s decisive pass) has appointed one of his groups Newly trained, the Ministry of Government Effectiveness (DOGE) – has taken office with the promise to promote cryptographic industry.
Since Trump’s electoral victory, several asset managers have submitted funds (ETF) on funds (ETF), notably Doge, an unthinkable decision, an unthinkable decision under the previous administration and its chief of The dry Gary Gensler.
With a market capitalization of nearly $ 50 billion, Doge is the largest same in the world. Wrap the token in an ETF or in the case of Graycale, a trust, could attract capital of institutional investors. The price of the token has already increased three in the past year, with a particularly important decision in the immediate weeks after the November elections.
Update (January 31, 15:04 UTC): Add management fees.
