Cover Image via U.Today

封面圖片來自 U.Today

Billy Markus, one of the creators of Dogecoin known as "Shibetoshi Nakamoto," has shared his thoughts on the increasing speculation regarding the SEC's potential approval of a Dogecoin ETF. This discussion has emerged amidst significant developments in the crypto market, including the introduction of the Bitcoin ETF and the pending decision on the Ethereum ETF. As a result, crypto enthusiasts have begun to speculate about which cryptocurrency might be next in line for a similar solution.

被稱為「Shibetoshi Nakamoto」的狗狗幣創始人之一比利·馬庫斯 (Billy Markus) 分享了他對有關美國證券交易委員會 (SEC) 可能批准狗狗幣 ETF 的猜測日益增多的想法。這項討論是在加密貨幣市場發生重大發展之際出現的，包括比特幣 ETF 的推出以及以太坊 ETF 的待決決定。因此，加密貨幣愛好者已經開始猜測哪種加密貨幣可能是下一個類似解決方案的選擇。

Despite Dogecoin's origins as a meme cryptocurrency, it has maintained its relevance for over a decade, with numerous large and small companies worldwide adopting DOGE as a payment method.

儘管狗狗幣最初是一種迷因加密貨幣，但十多年來它一直保持相關性，全球許多大大小小的公司都採用狗狗幣作為支付方式。

a dogecoin etf would be amusing— Shibetoshi Nakamoto (@BillyM2k) May 21, 2024

狗狗幣 ETF 會很有趣——Shibetoshi Nakamoto (@BillyM2k) 2024 年 5 月 21 日

Market participants' enthusiasm is driven by the fact that Dogecoin is not classified as a security, making it a viable candidate for an ETF. Earlier this year, the Commodity Futures Trading Commission (CFTC) approved Coinbase Derivatives futures on Dogecoin, indicating some regulatory approval.

市場參與者的熱情源於狗狗幣並未被歸類為證券這一事實，這使其成為 ETF 的可行候選者。今年早些時候，商品期貨交易委員會 (CFTC) 批准了狗狗幣的 Coinbase 衍生性商品期貨，這表明監管部門已經批准了這項計劃。

This approval is perceived as a pivotal moment that could facilitate traditional financial institutions' formal engagement with DOGE.

此次批准被認為是一個關鍵時刻，可以促進傳統金融機構與 DOGE 的正式接觸。

Is a Dogecoin ETF a Concern?

狗狗幣 ETF 值得關注嗎？

Dogecoin currently ranks as the eighth largest cryptocurrency, with a market capitalization of $24.25 billion and a daily trading volume of $2.86 billion. The cryptocurrency trades at $0.168, significantly below its all-time high of $0.74, which it reached in May 2021. DOGE to USD by CoinMarketCap

狗狗幣目前排名第八大加密貨幣，市值為 242.5 億美元，每日交易量為 28.6 億美元。該加密貨幣的交易價格為 0.168 美元，遠低於 2021 年 5 月達到的歷史高點 0.74 美元。

While the prospect of a Dogecoin ETF presents potential benefits such as increased institutional participation and market credibility, it also raises concerns about the growing influence of traditional financial institutions on the crypto market.

雖然狗狗幣 ETF 的前景帶來了潛在的好處，例如增加機構參與度和市場可信度，但它也引發了人們對傳統金融機構對加密貨幣市場影響力日益增長的擔憂。