Grayscale Dogecoin Trust Officially Launches With 2.5% Management Fee

Grayscale Investments, a prominent cryptocurrency asset management firm, has introduced the Grayscale Dogecoin Trust.

The new trust provides institutional and qualified individual investors an opportunity to gain exposure to Dogecoin (DOGE), a cryptocurrency initially created as a joke but now ranking as the eighth-largest digital asset by market capitalization.

According to Grayscale’s Director of Product and Research, Rayhaneh Sharif-Askary, Dogecoin exemplifies a shift in global financial accessibility. She highlighted its low transaction costs and rapid transfer speeds as key factors, making it an attractive option for international transactions, particularly in regions with limited banking infrastructure.

Grayscale has a history of launching crypto investment trusts, including those for Bitcoin and Ethereum, which were later converted into spot exchange-traded funds (ETFs) following approval from the U.S. Securities and Exchange Commission (SEC). Meanwhile, the SEC has already received at least one application for a Dogecoin ETF from asset manager Bitwise.

The Grayscale Dogecoin Trust comes with a 2.5% management fee. Beyond Dogecoin, Grayscale continues to diversify its offerings. In December, the firm launched trusts focused on liquid staking platform Lido DAO (LDO) and layer-2 scaling solution Optimism (OP). Grayscale’s portfolio also includes trusts for XRP, Avalanche (AVAX), Maker (MKR), Bittensor (TAO), and Sui Network (SUI).