Bitwise Asset Management has officially filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) to launch a spot Dogecoin exchange-traded fund (ETF). This initiative aims to provide investors with direct exposure to Dogecoin, the eighth-largest cryptocurrency by market capitalization. If approved, it would mark the first ETF of its kind, offering a regulated avenue for investing in this popular meme coin.

Bitwise Asset Management已正式向美國證券交易委員會（SEC）提交了S-1登記，以啟動現貨Dogecoin交換基金（ETF）。該倡議旨在為投資者直接接觸Dogecoin，這是市場資本化的第八大加密貨幣。如果獲得批准，它將標誌著此類ETF的第一個ETF，為投資這款受歡迎的模因硬幣提供了監管的途徑。

Bitwise's Bold Step into Meme Coin ETFs

Bitwise邁向模因硬幣ETF的大膽步驟

Bitwise's filing distinguishes itself from previous attempts by other asset managers. Unlike firms like Rex Shares and Osprey Funds, who pursued filings under the '40 Act, Bitwise's application is filed under the '33 Act. This act is typically used for commodity-based ETFs, suggesting a physically backed structure.

Bitwise的申請與其他資產經理的先前嘗試區分開來。與根據'40法案提起申請的雷克斯股票和魚鷹基金這樣的公司不同，Bitwise的申請是根據'33 Act提起的。該法案通常用於基於商品的ETF，表明具有物理背景的結構。

Matt Hougan, Chief Investment Officer at Bitwise, emphasized the demand for such a product: "There are a lot of people that want to invest in Dogecoin. It's the sixth-largest crypto asset in the world by market cap and it trades over $1bn a day."

Bitwise的首席投資官Matt Hougan強調了對這種產品的需求：“有很多人想投資Dogecoin。這是全球第六大加密貨幣資產，按市值進行，其交易超過1億美元一天。”

Dogecoin's Market Dynamics

Dogecoin的市場動態

As of January 29, 2025, Dogecoin is trading at approximately $0.32, with a market capitalization exceeding $48 billion. The cryptocurrency has experienced significant volatility, with a 6.85% decline in the last 24 hours.

截至2025年1月29日，Dogecoin的交易約為0.32美元，市值超過480億美元。加密貨幣的波動性顯著，在過去24小時內下降了6.85％。

Technical analysis indicates that Dogecoin is forming a descending triangle pattern on the daily chart, which often precedes a bearish breakout. Traders closely monitor the $0.30 support level; a breach below this could lead to further declines.

技術分析表明，Dogecoin在每日圖表上形成了下降的三角形模式，這通常是看跌的突破。交易者密切監視$ 0.30的支持水平；低於此的違規行為可能會導致進一步下降。

Regulatory Climate and Industry Implications

監管氣候和行業影響

The filing comes at a time when the regulatory environment in the U.S. is becoming more receptive to cryptocurrency-based financial products. The recent appointment of Paul Atkins, a pro-crypto businessman and former SEC commissioner, to lead the SEC under President Trump's administration has fueled optimism about the approval of such innovative financial instruments.

該文件是在美國的監管環境變得越來越接受基於加密貨幣的金融產品的時候。親克賴特托商人和前SEC專員保羅·阿特金斯（Paul Atkins）最近任命領導特朗普總統政府領導的SEC的保羅·阿特金斯（Paul Atkins）對這種創新的金融工具的批准表示樂觀。

Looking Ahead

展望未來

Bitwise's move to file for a spot Dogecoin ETF represents a significant development in the intersection of traditional finance and the burgeoning world of cryptocurrencies. If approved, it could pave the way for more mainstream acceptance and investment in digital assets that originated as internet memes.

Bitwise申請索取Dogecoin ETF的舉動代表了傳統金融和新興加密貨幣世界的交匯處的重大發展。如果獲得批准，它可能為作為互聯網模因的數字資產的更多主流接受和投資鋪平道路。

As the SEC reviews this application, the financial industry will be watching closely, as the outcome could set a precedent for future cryptocurrency-based ETFs.

當SEC審查此應用程序時，金融行業將密切關注，因為結果可能為將來的基於加密貨幣的ETF樹立了先例。

In conclusion, Bitwise's initiative underscores the evolving landscape of financial products and the increasing integration of cryptocurrencies into traditional investment vehicles. While the potential rewards are enticing, it's essential for investors to remain cognizant of the inherent risks associated with such speculative assets.

總而言之，Bitwise的倡議強調了金融產品的不斷發展的景觀以及將加密貨幣逐漸融入傳統投資工具。儘管潛在的獎勵是誘人的，但對於投資者來說，必須認識到與此類投機資產相關的固有風險。

FAQs

常見問題解答

1. What is Bitwise's Spot Dogecoin ETF?
   Bitwise has filed for a physically backed Dogecoin ETF, allowing investors to gain direct exposure to DOGE without holding the asset themselves.
2. How is Bitwise's filing different from other Dogecoin ETFs?
   Unlike previous filings under the '40 Act, Bitwise's ETF is registered under the '33 Act, meaning it follows a commodity-based structure similar to Bitcoin spot ETFs.
3. Will the SEC approve Bitwise's Spot Dogecoin ETF?
   Approval is uncertain, but the pro-crypto shift in the U.S. administration increases the chances of acceptance compared to previous regulatory climates.
4. How would a Dogecoin ETF impact the crypto market?
   If approved, it could drive institutional adoption, increase DOGE's legitimacy, and potentially boost its price due to increased demand.

Bitwise的斑點Dogecoin ETF是什麼？Bitwise已向物理背景的Dogecoin ETF申請，允許投資者在不持有資產本身的情況下獲得直接接觸Doge。 Bitwise的ETF根據'33 Act進行了註冊，這意味著它遵循類似於比特幣的基於商品的結構。將批准Bitwise的dogecoin ETF？批准尚不確定，但美國政府的親克萊普托轉變會增加機會與以前的監管氣候相比，接受的接受程度。狗狗ETF將如何影響加密市場？如果獲得批准，它可能會推動機構採用，增加Doge的合法性，並可能由於需求增加而可能提高其價格。