🚀 GRAYSCALE APPLIED FOR DOGECOIN TRUST: WILL DOGE BE COMING TO THE NYSE? 🚀
Grayscale Investments, a well-known cryptocurrency asset manager, has filed an application with the SEC to list and trade Grayscale Dogecoin Trust shares on the New York Stock Exchange (NYSE). If the regulator approves the documents, $DOGE will receive the first institutional instrument for traditional investors!
- Grayscale Dogecoin Trust will allow investors to buy shares backed by Dogecoin without having to directly own the cryptocurrency.
- Listing on the NYSE will open up access to DOGE to pension funds, hedge funds, and conservative players.
- 📈 Institutional demand: The successful example of Bitcoin Trust (GBTC) showed how trusts can attract billions of dollars to the crypto industry.
- 💥 Memcoin Legalization: SEC Approval Will Strengthen DOGE's Status as a "Serious" Asset Despite Meme Origins.
- 🚀 DOGE Price Growth: Capitalization Could Repeat Ethereum's History (+250% After Launch of Ethereum Trust).
- Grayscale Emphasizes: DOGE Meets the Criteria of a "Commodity" Due to Decentralization and Liquidity.
- SEC Approval Could Take 6-12 Months (As It Did with Bitcoin ETF). #Musk