Dogecoin ETF Faces Doubts Amid Lack of Utility and Unlimited Supply

Dogecoin ETF在缺乏公用事業和無限供應的情況下面臨懷疑

The cryptocurrency market could potentially welcome a new exchange-traded fund (ETF) tracking Dogecoin (DOGE). Asset managers in the United States are reportedly preparing to launch such a product. However, Canary Capital, a leading investment firm, has expressed hesitation in joining the DOGE ETF bandwagon.

加密貨幣市場可能會歡迎新的交易所交易基金（ETF）跟踪Dogecoin（Doge）。據報導，美國的資產經理正在準備推出這樣的產品。但是，領先的投資公司Canary Capital表示猶豫不決加入Doge ETF潮流。

Concerns Raised over DOGE's Lack of Utility and Unlimited Supply

擔心Doge缺乏公用事業和無限供應

According to a recent report, Steven McClurg, CEO of Canary Capital, stated that the firm is not interested in launching a spot DOGE ETF due to several concerns. Firstly, he highlighted the lack of utility for Dogecoin in the broader cryptocurrency landscape. Secondly, he pointed to the memecoin's unlimited supply.

根據最近的一份報告，Canary Capital的首席執行官史蒂文·麥克盧格（Steven McClurg）表示，由於幾個問題，該公司對推出Doge ETF不感興趣。首先，他強調了在更廣泛的加密貨幣景觀中缺乏狗狗幣的效用。其次，他指出了Memecoin的無限供應。

McClurg argued that due to its design, Dogecoin's value will continue to depreciate as its supply increases. Consequently, he does not consider it suitable for an ETF product, given its unlimited supply.

麥克盧格（McClurg）認為，由於其設計，Dogecoin的價值將隨著供應量的增加而繼續貶值。因此，鑑於其無限的供應，他認為它不適合ETF產品。

Canary Capital Sets Sights on XRP, Solana, and Other Crypto ETFs

XRP，Solana和其他加密ETF的金絲雀資本景點

Despite its reluctance regarding DOGE, Canary Capital is reportedly actively pursuing other crypto ETF products. The firm's interests include Ripple (XRP) and Solana (SOL).

儘管據報導，Canary Capital不願對Doge，但仍在積極追求其他加密ETF產品。該公司的利益包括Ripple（XRP）和Solana（Sol）。

Solana, unlike DOGE, has utility as it facilitates transaction fees on its network. Notably, SOL was recently utilized in trading the popular Trump memecoin, leading to an increase in its value and network activity.

與Doge不同，Solana具有效用，因為它有助於其網絡上的交易費用。值得注意的是，SOL最近被用於交易流行的特朗普紀念物，從而增加了其價值和網絡活動。

Asset Managers Bank on Dogecoin's Loyal Community

資產經理銀行Dogecoin的忠實社區

Despite its lack of utility, Dogecoin boasts a dedicated fan base, including Tesla founder Elon Musk. Musk's frequent endorsements have often triggered bullish sentiments in the cryptocurrency community.

儘管缺乏公用事業，Dogecoin仍然擁有專門的粉絲群，其中包括特斯拉創始人埃隆·馬斯克（Elon Musk）。馬斯克的頻繁認可經常引發加密貨幣社區的看漲情緒。

This strong following, coupled with recent developments in the United States regulatory landscape, has likely prompted asset managers to consider a DOGE ETF. Grayscale, a prominent investment firm, has launched a Dogecoin Trust and filed an application to convert it into a spot ETF.

這種強大的追隨者，再加上美國的最新監管格局，很可能促使資產管理者考慮Doge ETF。傑出的投資公司Grayscale已經建立了Dogecoin Trust，並提出了將其轉換為現場ETF的申請。