Grey release submitted an application for the Dogecoin exchange-traded fund Grayscale Dogecoin Trust, which is reported to be a closed-end fund. Rayhaneh Sharif-Askary, head of product and research at Grayscale, said that Dogecoin represents a paradigm shift in global financial accessibility. Low transaction costs and fast transfer speeds make it the best tool for international remittances, especially in regions with underdeveloped banking infrastructure.