Dogecoin Experiences 3% Drop Despite New Grayscale Trust Launch

Reported about 18 hours ago

Dogecoin has seen a 3.1% decline in value, trading at $0.3255, even with Grayscale Investments announcing the launch of its Dogecoin Trust. This new trust aims to provide accredited investors with exposure to DOGE, presenting it as a viable means of payment, while highlighting its affordability and transaction speed. Despite this initiative, Grayscale’s trust, which incurs a 2.5% management fee, is not an ETF and offers less liquidity compared to traditional investment vehicles.

Source: YAHOO

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