Grayscale Files to Convert Dogecoin Trust to ETF

灰度文件将Dogecoin Trust转换为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).

著名的数字资产经理Grayscale朝着制度化Dogecoin（Doge）迈出了重要一步。 2025年1月31日，该公司向美国证券交易委员会（SEC）提交了19B-4申请，以将其新启动的Dogecoin Trust转换为交易所交易基金（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.

这一发展是在同一天启动Dogecoin Trust的发展之后，并强调了Grayscale对加密货币的信心越来越多，这已经超越了其作为模因硬币的起源。

Grayscale's Move for Dogecoin

灰牛的举动

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.

该文件是通过纽约证券交易所（NYSE）提交给SEC的，标志着Dogecoin的关键时刻，曾被视为模因硬币，但此后引起了市场的极大关注。

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的转换将为机构和散户投资者提供更容易获得的Dogecoin入口点，从而有可能扩大其采用。

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.

灰度的决定反映了不断发展的狗狗生态系统。该公司承认加密货币从基于模因的根源转变为在金融包容和基于区块链的定居等领域中成为有形用例的资产。

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在比特币和以太坊ETF中取得了成功的成功表明，它认为Dogecoin是值得类似投资产品的加密货币市场中的合法竞争者。

Rise in ETF Applications in the Crypto Industry

加密行业的ETF应用程序上升

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

由于美国监管政策的转变，灰度归档是在加密货币部门内的ETF应用程序激增的情况下出现的。

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.

自亲克莱托普总统唐纳德·特朗普（Donald Trump）选举以来，人们对监管监督的乐观情绪越来越乐观，尤其是随着代理SEC主席保罗·阿特金斯（Paul Atkins）等对加密货币友好的领导人的任命。

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

这些变化减轻了限制，使以加密货币为中心的公司和位为Dogecoin ETF提出了限制。

What's Next for Dogecoin ETFs?

Dogecoin ETF的下一步是什么？

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

虽然SEC尚未批准灰度或位申请，但改变的监管格局使此类应用程序更加可行。

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.

在特朗普政府领导下，对Dogecoin的机构兴趣日益增加，再加上法规的清晰度，有可能为Dogecoin在金融市场上更广泛的接受铺平道路。