Grayscale has announced the launch of a new closed-end fund that offers exposure to Dogecoin (DOGE). The asset manager believes DOGE has evolved beyond its origins as a meme coin to become a tool for global financial inclusion. Grayscale's head of product & research, Rayhaneh Sharif-Askary, emphasized that DOGE's low transaction fees and fast transfer times make it an ideal medium for international remittances, particularly in areas with limited banking access. This announcement follows a surge in interest in DOGE, especially amid speculation surrounding the new U.S. administration's approach to cryptocurrency regulation. Since the election of President Trump, various fund managers have sought to launch DOGE-related exchange-traded funds (ETFs). With a market capitalization approaching $50 billion, DOGE is now recognized as the largest memecoin, and its inclusion in institutional investment vehicles like Grayscale's trust is expected to draw significant capital from institutional investors. Dogecoin's price has seen a substantial rise in the past year, reflecting growing confidence and interest in the cryptocurrency market.

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