Grayscale's Dogecoin and XRP ETF Applications Under SEC Review

SEC審查中的灰牛的狗狗和XRP ETF申請

The United States Securities and Exchange Commission (SEC) has accepted Grayscale's filings for Dogecoin and XRP exchange-traded funds (ETFs). This marks a significant milestone in the regulatory process, signaling potential approval.

美國證券交易委員會（SEC）已接受Grayscale關於Dogecoin和XRP交易所交易資金（ETFS）的文件。這標誌著調節過程中的一個重要里程碑，信號傳達潛在的批准。

Formal Review Process Initiated

啟動正式審查過程

The SEC's acceptance triggers a formal evaluation period that will determine the fate of these investment products. Grayscale submitted 19b-4 filings for both its Dogecoin and XRP Trusts to the New York Stock Exchange.

SEC的接受度觸發了正式的評估期，這將決定這些投資產品的命運。 Grayscale向紐約證券交易所提交了19b-4檔案。

Several other asset management firms have also filed applications for Dogecoin ETFs, including Bitwise and REX Shares. Bitwise, Canary Capital, 21Shares, and WisdomTree have submitted applications for XRP ETFs.

其他幾家資產管理公司還為Dogecoin ETF提出了申請，包括Bitwise和Rex股票。鑽石，金絲雀資本，21shares和Wisdomtree已向XRP ETF提交了申請。

Upon acceptance, the SEC must publish all relevant filings in the federal register and make a decision within 240 days.

接受後，SEC必須在聯邦公報中發布所有相關文件，並在240天內做出決定。

Analysts See High Probability of Approval

分析師看到批准的可能性很高

Analysts James Seyffart and Eric Balchunas of Bloomberg predict a 75% chance of approval for the Dogecoin ETF and a 65% chance for the XRP ETF. These estimates reflect recent changes in regulatory attitudes and increased institutional demand for cryptocurrency investments.

彭博社的分析師James Seyffart和Eric Balchunas預測，Dogecoin ETF的批准機會為75％，XRP ETF的機會為65％。這些估計反映了監管態度的最新變化以及對加密貨幣投資的機構需求的增加。

Seyffart believes that the previous SEC administration would have rejected such submissions outright. The denial of Solana ETF applications under the current leadership indicates a more favorable environment for approval.

Seyffart認為，以前的SEC政府將直接拒絕此類提交。在當前領導下拒絕Solana ETF申請表明批准的環境更有利。

Implications for the Crypto Market

對加密市場的影響

ETF Store President Nate Geraci suggests that SEC acknowledgment could impact the ongoing lawsuit against Ripple. Legal expert Jeremy Hogan believes the lawsuit will likely conclude before XRP ETF approval.

ETF商店總裁內特·格拉西（Nate Geraci）建議，SEC的認可可能會影響針對Ripple的持續訴訟。法律專家傑里米·霍根（Jeremy Hogan）認為，在XRP ETF批准之前，訴訟可能會結束。

Ripple CEO Brad Garlinghouse has previously predicted the emergence of such ETFs. Analysts see this development as a bullish signal for Dogecoin and XRP.

Ripple首席執行官布拉德·加林豪斯（Brad Garlinghouse）此前曾預測過這種ETF的出現。分析師將這種發展視為狗狗幣和XRP的看漲信號。

While SEC acknowledgment does not guarantee approval, it represents a positive step towards wider acceptance of cryptocurrencies in financial markets. The outcome of the decision-making process will be closely monitored by industry experts and investors.

儘管SEC確認並不能保證批准，但它代表了更廣泛接受金融市場加密貨幣的積極一步。決策過程的結果將由行業專家和投資者密切監視。