Grayscale has launched a Dogecoin Trust, marking a major shift in how this once-dismissed memecoin is perceived. According to CoinDesk,

Grayscale Investments said on Friday it was launching an investment fund aimed at dogecoin, as the cryptocurrency asset manager looks to tap into the increasing momentum around alternatives to bitcoin.

Grayscale Investments launched its newest crypto product today: the Grayscale Dogecoin Trust. It’s a major step for the token that started as a joke and ended up in Wall Street’s crosshairs. According to the company’s press release,

Grayscale Investments has announced the launch of a Dogecoin Trust fund to offer investors exposure to Dogecoin (DOGE), a cryptocurrency that has transitioned from its meme coin roots to a symbol of broader financial inclusion.

Leading crypto-focused asset manager Grayscale Investments launched its Grayscale Dogecoin Trust tracking Dogecoin (DOGE).

Grayscale Investments has launched a new closed-end fund centered on Dogecoin , it said on Friday, signaling a strong