Key Takeaways Digital asset manager has launched an investment trust for the meme coin Dogecoin.Bitwise has also filed for the launch of a Dogecoin ETF with the SEC.Meme coins are having a moment with U.

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, known for its Bitcoin and Ethereum spot ETFs, has now launched a Dogecoin trust for institutions and accredited investors.

Crypto asset manager Bitwise has uploaded documents to launch an exchange-traded fund (ETF) tied to the price of dogecoin (DOGE), a filing with the US. Securities and Exchange Commission on Tuesday shows. The filing, an S-1 document, is a requirement for companies seeking to issue a new security and be listed on a public stock exchange.

Grayscale Investments launches Dogecoin Trust, marking a significant step towards institutionalizing the meme coin for mainstream investment access.

The launch of a Dogecoin Trust follows rising institutional demand for a DOGE exchange-traded fund (ETF). Asset managers including Bitwise, Rex and Osprey recently filed for Dogecoin ETFs with the Securities & Exchange Commission (SEC).

Ripple Labs president Monica Long remarked an XRP ETF could “soon be a reality” under the new Trump administration.

The NYSE Arca moved Thursday to convert Grayscale's $XRP Trust into an $XRP ETF, effectively adding the crypto-focused asset manager into the list of institutions seeking to offer regulated exposure to the XRP Ledger's native cryptocurrency.