美国SEC延误了关于Grayscale Investment的Dogecoin ETF应用的决定

美国证券交易委员会（SEC）推迟了对Grayscale Investment的Dogecoin ETF申请的决定。

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.

美国证券交易委员会（SEC）推迟了对Grayscale Investment的Dogecoin ETF应用程序的判决。该申请于2025年3月提交，仍在审查中，尚未做出任何决定。

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.

许多AltCoins，包括Doge，XRP，Solana等，正在等待SEC对70多个ETF备案的决定。不断的延迟和推迟会影响这些基本的数字资产和投资者的观点。但是，另一方面，发射的比特币和以太坊交换贸易资金的表现保持了需求。

What did the SEC say?

SEC说了什么？

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

SEC正在花费更多时间评估这些交换贸易资金，从而导致了Doge和XRP ETF的延迟。

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月份启动后于2025年3月提交了Dogecoin ETF。但是，即使几个月后，SEC也没有对文件发表评论，并且正在审查中。

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.

尽管延迟对投资者感到疲倦，但这是确保遵守《交易法》第6（b）（5）条的重要步骤。出于同样的原因，比特币ETF花了一些时间在发布前，但是由于它目睹了数十亿美元的流入并提高了比特币价格，因此结果变得富有成果。

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

现在，该决定的下一个日期是六月，积极的回应可能会导致批准。

"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.

国家证券交易委员会提交的国家证券交易委员会提交申请：“委员会正在制定诉讼程序，以允许进行其他分析，以确定ETF是否符合规则''

When will the SEC say yes to Dogecoin ETF?

SEC什么时候对Dogecoin ETF说“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.

尽管SEC已将他们的决定推迟到6月，但这并不意味着他们会批准它。 SEC文件清楚地指出了这一点，并解释了延迟是用于附加分析的。

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月底之前获得的聚合物赔率仅为15％，在过去24小时内下降了7％。但是，2025年的赔率为63％，表明投资者信托在2025年后期更高。

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，彭博分析师也有类似的预测。在最近的X帖子中，James Seyffart声称这些延迟背后没有阴谋，这只是SEC的标准过程。

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需要时间来回应19b-4的文件，所有这些交易所交易的基金文件在10月的日期到期，与SEC的友好无关。

"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通常需要全职响应19b-4的备案。几乎所有这些文件在10月的最终日期。早期的决定将是超出常态的行动。无论对“ Crypto fimporto”的“ SEC”是多么“ cypto”。这里没有阴谋。”

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.

考虑到对Dogecoin ETF备案的决定的不断延迟，许多其他人也承认了这一点。最近，SEC推迟了各种发行人对Solana ETF提案的决定。

Frequently Asked Questions (FAQs)

常见问题（常见问题解答）

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

1。为什么SEC延迟了对灰dogecoin ETF的决定？

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.

美国证券交易委员会（SEC）推迟了对Grayscale Investment的Dogecoin ETF应用程序的判决。该申请于2025年3月提交，仍在审查中，尚未做出任何决定。

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.

许多AltCoins，包括Doge，XRP，Solana等，正在等待SEC对70多个ETF备案的决定。不断的延迟和推迟会影响这些基本的数字资产和投资者的观点。但是，另一方面，发射的比特币和以太坊交换贸易资金的表现保持了需求。

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.

在过去的几个月中，已提交了更多内容，而在接下来的几个月中决定这些ETF的因素将是加密市场及其稳定性。

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将根据1933年《证券法》第3和第10条，《交换法》第3、6和19条的第3和第10条决定是否批准或拒绝ETF的申请，以及根据这些法案发布的规则和法规。

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.

发行人提交的申请是授予者信托ETF系列2和Series 3，比特币ETF的申请人是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的应用来自发行人SmartCone和Stillriver。同时，诸如国泰银行，RSR和Shapeshift之类的发行人已申请XRP ETF。

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

Solana ETF应用程序已由发行人（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.

预计SEC将在6月之前对比特币和以太坊ETF申请做出决定，而包括Dogecoin在内的Altcoin ETF将在10月之前决定。

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

但是，监管机构可能需要更多时间来做出决定并宣布进一步的推迟。