Dogecoin price has remained in a sideways trend despite three consecutive days of gains this week. The broader crypto market showed stability as Grayscale launched its DOGE Trust on Friday. This move expands Grayscale’s suite of crypto investment products, raising speculation about Dogecoin’s potential to reach $1 soon.
Will Grayscale’s Trust Send Dogecoin Price to $1?
Dogecoin price saw increased attention after Grayscale introduced its Dogecoin Trust, broadening its crypto investment offerings. The move underscores DOGE’s shift from a memecoin to a potential financial asset.
The launch follows growing interest in Dogecoin-related investment products. Bitwise recently filed for a Dogecoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). Market analysts suggest a spot DOGE ETF could be a major price catalyst.
Grayscale also recently sought SEC approval to convert its XRP Trust into an ETF. The regulator’s stance on crypto ETFs remains a key m
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