Grayscale Investments has recently launched the Grayscale Dogecoin Trust, providing both individual and institutional accredited investors with exposure to Dogecoin in a share-based format. The trust aims to capitalize on Dogecoin's transition from a memecoin to a tool for global financial inclusion, grassroots activism, and a viable means of payment. Grayscale highlights Dogecoin's widespread accessibility, affordability, and rapid transaction speeds as reasons for its significant adoption worldwide.

Grayscale filed for its Dogecoin Trust to be converted into a spot ETF. This would follow similar conversions of its Bitcoin and Ethereum Trusts, which are now live as spot ETFs.