Grayscale Files to Convert Dogecoin Trust to ETF

灰度文件將Dogecoin Trust轉換為ETF

Grayscale, a reputable digital asset manager, has taken a significant step towards institutionalizing Dogecoin (DOGE). On January 31, 2025, the firm filed a 19b-4 application with the U.S. Securities and Exchange Commission (SEC) for the conversion of its newly launched Dogecoin Trust into an exchange-traded fund (ETF).

著名的數字資產經理Grayscale朝著制度化Dogecoin（Doge）邁出了重要一步。 2025年1月31日，該公司向美國證券交易委員會（SEC）提交了19B-4申請，以將其新啟動的Dogecoin Trust轉換為交易所交易基金（ETF）。

This development follows the launch of the Dogecoin Trust on the same day and underscores Grayscale's growing confidence in the cryptocurrency, which has moved beyond its origins as a meme coin.

這一發展是在同一天啟動Dogecoin Trust的發展之後，並強調了Grayscale對加密貨幣的信心越來越多，這已經超越了其作為模因硬幣的起源。

Grayscale's Move for Dogecoin

灰牛的舉動

The filing, submitted to the SEC via the New York Stock Exchange (NYSE), marks a crucial moment for Dogecoin, once dismissed as a meme coin but has since gained considerable market attention.

該文件是通過紐約證券交易所（NYSE）提交給SEC的，標誌著Dogecoin的關鍵時刻，曾被視為模因硬幣，但此後引起了市場的極大關注。

The conversion to an ETF would provide both institutional and retail investors with a more accessible entry point to Dogecoin, potentially expanding its adoption.

向ETF的轉換將為機構和散戶投資者提供更容易獲得的Dogecoin入口點，從而有可能擴大其採用。

Grayscale's decision reflects the evolving Dogecoin ecosystem. The firm acknowledges the cryptocurrency's shift from its meme-based roots to becoming an asset with tangible use cases in areas such as financial inclusion and blockchain-based settlements.

灰度的決定反映了不斷發展的狗狗生態系統。該公司承認加密貨幣從基於模因的根源轉變為在金融包容和基於區塊鏈的定居等領域中成為有形用例的資產。

Grayscale's proven success with Bitcoin and Ethereum ETFs suggests that it views Dogecoin as a legitimate contender in the crypto market worthy of similar investment products.

Grayscale在比特幣和以太坊ETF中取得了成功的成功表明，它認為Dogecoin是值得類似投資產品的加密貨幣市場中的合法競爭者。

Rise in ETF Applications in the Crypto Industry

加密行業的ETF應用程序上升

The Grayscale filing comes amid a surge in ETF applications within the cryptocurrency sector, prompted by a shift in U.S. regulatory policies.

由於美國監管政策的轉變，灰度歸檔是在加密貨幣部門內的ETF應用程序激增的情況下出現的。

Since the election of pro-crypto President Donald Trump, there has been increased optimism regarding regulatory oversight, particularly with the appointment of crypto-friendly leaders like incoming SEC Chairman Paul Atkins.

自親克萊托普總統唐納德·特朗普（Donald Trump）選舉以來，人們對監管監督的樂觀情緒越來越樂觀，尤其是隨著代理SEC主席保羅·阿特金斯（Paul Atkins）等對加密貨幣友好的領導人的任命。

These changes have eased restrictions, allowing crypto-focused firms like Grayscale and Bitwise to file for Dogecoin ETFs.

這些變化減輕了限制，使以加密貨幣為中心的公司和位為Dogecoin ETF提出了限制。

What's Next for Dogecoin ETFs?

Dogecoin ETF的下一步是什麼？

While the SEC has not yet approved either the Grayscale or the Bitwise filings, the changed regulatory landscape has made such applications more feasible.

雖然SEC尚未批准灰度或位申請，但改變的監管格局使此類應用程序更加可行。

Growing institutional interest in Dogecoin, coupled with regulatory clarity under the Trump administration, has the potential to pave the way for Dogecoin's broader acceptance in financial markets.

在特朗普政府領導下，對Dogecoin的機構興趣日益增加，再加上法規的清晰度，有可能為Dogecoin在金融市場上更廣泛的接受鋪平道路。