Summary
- Grayscale announced that it submitted an application to the United States Securities and Exchange Commission (SEC) to convert the Dogecoin Trust into an Exchange-Traded Fund.
- The conversion application was made just one day after the launch of the Dogecoin Trust.
- The Dogecoin Trust is traded on the private market and is said to help institutional investors indirectly invest in Dogecoin.
Grayscale submitted an application to the United States Securities and Exchange Commission (SEC) for the conversion to an Exchange-Traded Fund (ETF) just one day after launching the Dogecoin Trust.
On the 31st (local time), James Seyffart, a Bloomberg ETF analyst, announced on his X that "Grayscale submitted the 19b-4 form to the SEC for ETF conversion just one day after launching the Dogecoin Trust."
Previously, Grayscale launched the Dogecoin Trust, which operates as a closed-end structure. This trust is traded on the private market and helps institutional investors indirectly invest in Dogecoin.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀![[Today’s Key Economic & Crypto Calendar] Atlanta Fed GDPNow, More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[New York Stock Market Briefing] Rebound on bargain hunting in blue chips…Apple jumps 4%](https://media.bloomingbit.io/PROD/news/3710ded9-1248-489c-ae01-8ba047cfb9a2.webp?w=250)
