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.

美国证券交易委员会已正式承认Grayscale的提案将其Dogecoin和XRP Trusts转换为交易所交易的资金（ETF），现在正在寻求公开意见，然后才决定其批准。

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.

在联邦公报上发布通知后，有兴趣的当事方将有21天的时间提交其反馈。在此期间之后，SEC将评估提案，并可能选择批准，反对或启动进一步的诉讼。

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将其信托转换为ETF的战略举动强调了其努力扩展其加密货币产品，并为投资者提供访问这些数字资产的监管选择。

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的归档过程，提交19b-4形式是提出斑点加密货币ETF的关键步骤。一旦获得SEC的认可，该提案就会在联邦公报上发表，正式开始了该机构的审查程序。 SEC有一个240天的窗口来做出决定，从最初的45天开始。

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的申请的拟议结构概述了授权参与者将处理现金交易而不是直接与Dogecoin（Doge）打交道的结构。该设计旨在通过最大程度地减少直接接触加密货币的方式来解决监管问题。 Coinbase监护权被指定为处理Doge的监护权，而BNY Mellon则将承担行政责任。信托的定价数据将从受监管的美国交易平台（例如Coinbase，Kraken和Crypto.com）获得，该平台共同促进了大部分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的旅程和市场采用在2013年作为模因加密货币创建，Dogecoin已演变为广受认可的数字资产。 Doge的灰度亮点“已从志愿INU的纪念物转变为全球金融包容性，基层行动主义和可行的付款方式的工具”。该公司指出，包括达拉斯小牛队和AMC剧院在内的2500多家商人和零售商接受了其商品和服务的资金。此外，Doge已被用于各种慈善计划，例如资助肯尼亚的一口井。

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.

最近几周的加密ETF提议的更广泛的背景，多家公司提交了有关加密货币ETF的提议，从Solana等资产到Dogecoin等资产。在前美国证券交易委员会（SEC）主席加里·贡斯勒（Gary Gensler）离开后，SEC的监管景观发生了变化，这一幅度又发生了，后者以对加密货币的怀疑而闻名。当前的监管环境似乎更容易接受，鼓励像Grayscale这样的公司推进其ETF计划。