Grayscale Dogecoin Trust adds in-kind creation/redemption and Anchorage Digital as secondary custodian

Grayscale Dogecoin Trust amended its Authorized Participant Agreements to enable in-kind creations and redemptions (in addition to cash-based) with Macquarie Capital and Virtu Americas, and added Anchorage Digital Bank as a secondary custodian alongside the existing Coinbase Custody arrangement. These operational improvements reduce friction in the arbitrage process (in-kind redemptions), diversify custody risk, and may improve trust scalability, but are administrative enhancements rather than fundamental changes to the Trust's holdings or fee structure.

Grayscale's Dogecoin Trust made it easier to create and redeem shares using cryptocurrency directly instead of only cash, and split crypto storage between two banks instead of one for safety.