Grayscale files to convert DOGE confidence to ETF less than a day after launch

Less than 24 hours after the confidence of Dogecoin, Ramadi called a shot with SEC for converting it into the traded investment funds. As Cryptopolitan reported, the company initially said that it will wait for the SEC Paul Atkins president to be confirmed by the Senate next week.

But it seems that they decided not to wait until a longer day after all. ETF ERIC Balchunas has completely summarized that: no confidence has been proven somewhat action before. What Wild is that there are now four Doge ETF files floating around, including lifting bets.

The exit of Gary Ginsner from SEC is not old news yet, and suddenly the ETF industry looks free for everyone. “A man, the defeats are intense. I have never heard of confidence launch and then I look forward to converting ETF on the same day. But they may now be at the 19B-4 race. We also now have up to four DOGE ETF files (including 2x). He said Eric.

Update: It was quickly. @grayscale DOGE TRUST launched earlier today, and they only submitted 19B-4 to convert it to ETF pic.twitter.com/iu64neipsy

Jseyff January 31, 2025

One day it was just a joke – was respected in a respectable way – now she was polished and taken seriously as a origin. Dog, derived from Litecoin and indirectly linked to Bitcoin, exploded in the prevailing awareness over the years, thanks to Elon Musk.

According to Grayscale, the head of the products and research in Grayscale, DOGE has become a way to access people all over the world to make fast and low -cost transactions. They are not mistaken in the adoption part – have made low transaction fees for Dogecoin and an attractive fast speed in emerging markets.

Unlike Bitcoin, where drawings and emphasis times can leave you waiting and sweating, Doge Breezes through Breakneck quickly transactions without wandering on users.

What is happening with Doge is not the only power step for Grayscale this month. The company applied only to convert XRP confidence to ETF on January 30. They submitted their proposal to the New York Stock Exchange and chose Coinbase as the fund’s official guardian.

Grayscale runs more than $ 16 million in XRP through its current confidence, and this is transferred to the circulating investment funds that open the flood gates to institutional investors. Think of investment funds, pension funds, and other great players who were reluctant to touch the encryption directly due to the organizational uncertainty caused by Gary.

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