- 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.
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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🍀PiCK News
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