
金色财经|Sep 19, 2025 22:27
[Grayscale Submits Revised Dogecoin ETF Application, NYSE Arca Seeks to Amend Ethereum Trust Structure]
Reported by Golden Finance, according to the latest disclosure documents, Grayscale submitted a revised S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) on September 19, aiming to convert its closed-end Grayscale Dogecoin Trust into an exchange-traded fund (ETF). If approved, the fund will be listed on NYSE Arca under the trading code 'GDOG,' with Coinbase designated as its primary broker and custodian.
On the same day, NYSE Arca also submitted a proposal seeking to amend the listing terms of Grayscale's Ethereum Trust ETF and its "mini" trust under the SEC's newly approved "universal listing standards." The new standards imply that such products will be subject to relatively more lenient regulatory scrutiny.
In its application, Grayscale cited the new regulations, stating that Dogecoin has been traded in futures and options markets regulated by the U.S. Commodity Futures Trading Commission (CFTC) for over six months, meeting the relevant requirements. The company also asserted that the trust should not be classified as an "investment company" as defined by the Investment Company Act of 1940 and is therefore not subject to its restrictions.
If GDOG is approved, it will become the second securitized product in the U.S. to directly track Dogecoin's price. On Thursday, the Dogecoin ETF (DOJE) jointly launched by REX and Osprey was just approved for listing by the SEC.
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