FILE PHOTO: A representation of cryptocurrency Dogecoin is placed on a PC motherboard in this illustration taken June 16, 2023. REUTERS/Dado Ruvic/Illustration/File photo
(Reuters) - Grayscale Investments said on Friday it was launching an investment fund aimed at dogecoin, as the cryptocurrency asset manager looks to tap into the increasing momentum around alternatives to bitcoin.
The Grayscale Dogecoin Trust will offer investors an opportunity to gain exposure to a token that the company believes has "transitioned from a memecoin... to a tool for global financial inclusion and a viable means of payment".
