The U.S. Securities and Exchange Commission has officially acknowledged proposals from Grayscale to convert its Dogecoin and XRP trusts into exchange-traded funds (ETFs), and is now seeking public input before making a decision on their approval.

美國證券交易委員會已正式承認Grayscale的提案將其Dogecoin和XRP Trusts轉換為交易所交易的資金（ETF），現在正在尋求公開意見，然後才決定其批准。

Interested parties will have 21 days following the publication of the notice in the Federal Register to submit their feedback. After this period, the SEC will evaluate the proposals and may choose to approve, disapprove, or initiate further proceedings.

在聯邦公報上發布通知後，有興趣的當事方將有21天的時間提交其反饋。在此期間之後，SEC將評估提案，並可能選擇批准，反對或啟動進一步的訴訟。

Grayscale's strategic move to convert its trusts into ETFs highlights its effort to expand its cryptocurrency offerings and provide investors with regulated options for accessing these digital assets.

Grayscale將其信託轉換為ETF的戰略舉動強調了其努力擴展其加密貨幣產品，並為投資者提供訪問這些數字資產的監管選擇。

Understanding the 19b-4 Filing ProcessThe submission of a 19b-4 form is a key step in proposing a spot cryptocurrency ETF. Once acknowledged by the SEC, the proposal is published in the Federal Register, officially commencing the agency's review process. The SEC has a 240-day window to make a decision, starting with an initial 45-day period.

了解19b-4的歸檔過程，提交19b-4形式是提出斑點加密貨幣ETF的關鍵步驟。一旦獲得SEC的認可，該提案就會在聯邦公報上發表，正式開始了該機構的審查程序。 SEC有一個240天的窗口來做出決定，從最初的45天開始。

Proposed Structure of the Dogecoin ETFGrayscale's filing outlines a structure where authorized participants would handle cash transactions rather than directly dealing with Dogecoin (DOGE). This design is intended to address regulatory concerns by minimizing direct exposure to the cryptocurrency. Coinbase Custody is designated to handle the custody of DOGE, while BNY Mellon is set to undertake administrative responsibilities. Pricing data for the trust would be obtained from regulated U.S. trading platforms, such as Coinbase, Kraken, and Crypto.com, which collectively facilitate a substantial portion of DOGE-USD trades.

Dogecoin etfgrayscale的申請的擬議結構概述了授權參與者將處理現金交易而不是直接與Dogecoin（Doge）打交道的結構。該設計旨在通過最大程度地減少直接接觸加密貨幣的方式來解決監管問題。 Coinbase監護權被指定為處理Doge的監護權，而BNY Mellon則將承擔行政責任。信託的定價數據將從受監管的美國交易平台（例如Coinbase，Kraken和Crypto.com）獲得，該平台共同促進了大部分Doge-usd Trade。

Dogecoin's Journey and Market AdoptionInitially created as a meme cryptocurrency in 2013, Dogecoin has evolved into a widely recognized digital asset. Grayscale highlights that DOGE has "transitioned from a memecoin of a Shiba Inu to a tool for global financial inclusion, grassroots activism, and a viable means of payment." The firm notes that over 2,500 merchants and retailers, including the Dallas Mavericks and AMC Theatres, accept DOGE for their goods and services. Additionally, DOGE has been used for various charitable initiatives, like funding the construction of a well in Kenya.

Dogecoin的旅程和市場採用在2013年作為模因加密貨幣創建，Dogecoin已演變為廣受認可的數字資產。 Doge的灰度亮點“已從志願INU的紀念物轉變為全球金融包容性，基層行動主義和可行的付款方式的工具”。該公司指出，包括達拉斯小牛隊和AMC劇院在內的2500多家商人和零售商接受了其商品和服務的資金。此外，Doge已被用於各種慈善計劃，例如資助肯尼亞的一口井。

Broader Context of Crypto ETF ProposalsIn recent weeks, multiple firms have submitted proposals for cryptocurrency ETFs, ranging from assets like Solana to Dogecoin. This wave of applications comes amid a shift in the SEC's regulatory landscape following the departure of former SEC Chair Gary Gensler, who was known for his skepticism toward cryptocurrencies. The current regulatory environment seems more receptive, encouraging firms like Grayscale to advance their ETF initiatives.

最近幾週的加密ETF提議的更廣泛的背景，多家公司提交了有關加密貨幣ETF的提議，從Solana等資產到Dogecoin等資產。在前美國證券交易委員會（SEC）主席加里·貢斯勒（Gary Gensler）離開後，SEC的監管景觀發生了變化，這一幅度又發生了，後者以對加密貨幣的懷疑而聞名。當前的監管環境似乎更容易接受，鼓勵像Grayscale這樣的公司推進其ETF計劃。