Grayscale's new Dogecoin Trust has a management fee of 2.5%.

BlockBeats News, February 1st, according to Grayscale official data, its newly launched Grayscale Dogecoin Trust has a management fee of 2.5%, and will use the CoinDesk Dogecoin Price Index to provide a USD-denominated reference exchange rate.

Furthermore, as of January 31st, the Grayscale Dogecoin Trust has reached an asset management scale of $196,326.37, with a net asset value per share of $9.77.

BlockBeats reported yesterday that Grayscale has launched a new Dogecoin Trust Fund. Grayscale believes that DOGE is no longer just a meme coin, but has become a tool for global financial inclusion. After Trump won the election, many fund managers had previously applied for a DOGE ETF.