美國SEC延誤了關於Grayscale Investment的Dogecoin ETF應用的決定

美國證券交易委員會（SEC）推遲了對Grayscale Investment的Dogecoin ETF申請的決定。

The US Securities and Exchange Commission (SEC) has postponed its verdict on Grayscale Investment's Dogecoin ETF application. The application, filed in March 2025, is still under review, and no decision has been made yet.

美國證券交易委員會（SEC）推遲了對Grayscale Investment的Dogecoin ETF應用程序的判決。該申請於2025年3月提交，仍在審查中，尚未做出任何決定。

Many altcoins, including DOGE, XRP, Solana, and others, are awaiting the SEC's decision on more than 70 ETF filings. The constant delay and postponement are affecting these underlying digital assets and the investors' sentiments. However, on the other hand, the performance of launched Bitcoin and Ethereum exchange-traded funds maintains demand.

許多AltCoins，包括Doge，XRP，Solana等，正在等待SEC對70多個ETF備案的決定。不斷的延遲和推遲會影響這些基本的數字資產和投資者的觀點。但是，另一方面，發射的比特幣和以太坊交換貿易資金的表現保持了需求。

What did the SEC say?

SEC說了什麼？

The SEC is taking additional time to evaluate these exchange-traded funds, resulting in delays in DOGE and XRP ETFs.

SEC正在花費更多時間評估這些交換貿易資金，從而導致了Doge和XRP ETF的延遲。

Grayscale filed the spot Dogecoin ETF in March 2025 after its Trust launch in January. However, even after months, the SEC has not commented on the filing and is under review.

Grayscale在1月份啟動後於2025年3月提交了Dogecoin ETF。但是，即使幾個月後，SEC也沒有對文件發表評論，並且正在審查中。

Although delays are tiring for investors, it is an important step that ensures compliance with Section 6(b)(5) of the Exchange Act. For the same reasons, the Bitcoin ETF took time before launch, but the result turned fruitful as it witnessed billions in inflows and boosted the Bitcoin price.

儘管延遲對投資者感到疲倦，但這是確保遵守《交易法》第6（b）（5）條的重要步驟。出於同樣的原因，比特幣ETF花了一些時間在發布前，但是由於它目睹了數十億美元的流入並提高了比特幣價格，因此結果變得富有成果。

Now the next date for the decision is June, where a positive response could result in the approval.

現在，該決定的下一個日期是六月，積極的回應可能會導致批准。

"The Commission is instituting proceedings to allow for additional analysis to determine if ETFs meet rules’ ‘designed to prevent fraudulent and manipulative acts and practices’ and ‘to protect investors,’" state SEC filings.

國家證券交易委員會提交的國家證券交易委員會提交申請：“委員會正在製定訴訟程序，以允許進行其他分析，以確定ETF是否符合規則''

When will the SEC say yes to Dogecoin ETF?

SEC什麼時候對Dogecoin ETF說“是”？

Although the SEC has postponed their decision to June, this does not imply that they will approve it then. The SEC filings clearly note this and explain that the delay is for the additional analysis.

儘管SEC已將他們的決定推遲到6月，但這並不意味著他們會批准它。 SEC文件清楚地指出了這一點，並解釋了延遲是用於附加分析的。

The Polymarket odds for the DOGE ETF approval before the end of July stand at just 15% and are down 7% in the last 24 hours. However, the odds in 2025 are at 63%, showcasing that investor trust is higher in later months of 2025.

Doge ETF在7月底之前獲得的聚合物賠率僅為15％，在過去24小時內下降了7％。但是，2025年的賠率為63％，表明投資者信託在2025年後期更高。

Additionally, the Bloomberg analysts have shared similar predictions. In a recent X post, James Seyffart has claimed that there's no conspiracy behind these delays and it's just the SEC's standard process.

此外，彭博分析師也有類似的預測。在最近的X帖子中，James Seyffart聲稱這些延遲背後沒有陰謀，這只是SEC的標準過程。

He revealed that the SEC takes time to respond to 19b-4 filings, and all these exchange-traded fund filings have due dates in October and have nothing to do with the SEC's friendliness.

他透露，SEC需要時間來回應19b-4的文件，所有這些交易所交易的基金文件在10月的日期到期，與SEC的友好無關。

"The SEC typically takes the full time to respond to a 19b-4 filing. Almost all of these filings have final due dates in October. Early decisions would be the action that's out of the norm. No matter how "Crypto-friendly" this SEC is. There's no conspiracy here."

“ SEC通常需要全職響應19b-4的備案。幾乎所有這些文件在10月的最終日期。早期的決定將是超出常態的行動。無論對“ Crypto fimporto”的“ SEC”是多麼“ cypto”。這裡沒有陰謀。”

Many others are acknowledging the same, considering the constant delays for decisions on Dogecoin ETF filings. Recently, the SEC postponed its decision on the Solana ETF proposal from various issuers.

考慮到對Dogecoin ETF備案的決定的不斷延遲，許多其他人也承認了這一點。最近，SEC推遲了各種發行人對Solana ETF提案的決定。

Frequently Asked Questions (FAQs)

常見問題（常見問題解答）

1. Why did the SEC delay the decision on the Grayscale Dogecoin ETF?

1。為什麼SEC延遲了對灰dogecoin ETF的決定？

The US Securities and Exchange Commission (SEC) has postponed its verdict on Grayscale Investment's Dogecoin ETF application. The application, filed in March 2025, is still under review, and no decision has been made yet.

美國證券交易委員會（SEC）推遲了對Grayscale Investment的Dogecoin ETF應用程序的判決。該申請於2025年3月提交，仍在審查中，尚未做出任何決定。

Many altcoins, including DOGE, XRP, Solana, and others, are awaiting the SEC's decision on more than 70 ETF filings. The constant delay and postponement are affecting these underlying digital assets and the investors' sentiments. However, on the other hand, the performance of launched Bitcoin and Ethereum exchange-traded funds maintains demand.

許多AltCoins，包括Doge，XRP，Solana等，正在等待SEC對70多個ETF備案的決定。不斷的延遲和推遲會影響這些基本的數字資產和投資者的觀點。但是，另一方面，發射的比特幣和以太坊交換貿易資金的表現保持了需求。

Many more have been filed in the past few months, and the factor that decides these ETFs in the coming months will be the crypto market and its stability.

在過去的幾個月中，已提交了更多內容，而在接下來的幾個月中決定這些ETF的因素將是加密市場及其穩定性。

The SEC will decide whether to approve or deny the applications for ETFs based on various Section 3 and 10 of the Securities Act of 1933, Section 3, 6, and 19 of the Exchange Act, and the rules and regulations issued under these acts.

SEC將根據1933年《證券法》第3和第10條，《交換法》第3、6和19條的第3和第10條決定是否批准或拒絕ETF的申請，以及根據這些法案發布的規則和法規。

The applications filed by issuers are Grantor Trust ETF Series 2 and Series 3, and the applicants for the Bitcoin ETF are Spark Minerals, LLC and Kalmia Partners.

發行人提交的申請是授予者信託ETF系列2和Series 3，比特幣ETF的申請人是Spark Minerals，LLC和Kalmia Partners。

The applications for the Ethereum ETF are from issuers SmartCone and StillRiver. Meanwhile, issuers such as Cathay Bank, RSR, and Shapeshift have applied for the XRP ETF.

以太坊ETF的應用來自發行人SmartCone和Stillriver。同時，諸如國泰銀行，RSR和Shapeshift之類的發行人已申請XRP ETF。

The Solana ETF applications have been filed by issuers such as Benessere, Eagle Global, and Factorial.

Solana ETF應用程序已由發行人（例如Bensesere，Eagle Global和castorial）提交。

The SEC is expected to make its decision on the Bitcoin and Ethereum ETF applications by June, while the altcoin ETFs, including Dogecoin, will be decided by October.

預計SEC將在6月之前對比特幣和以太坊ETF申請做出決定，而包括Dogecoin在內的Altcoin ETF將在10月之前決定。

However, the regulator could take more time to reach a decision and announce a further postponement.

但是，監管機構可能需要更多時間來做出決定並宣布進一步的推遲。