Crypto industry anticipates surge in investment products

加密產業預計投資產品將激增

The year 2024, which commenced with the pivotal launch of US Bitcoin spot exchange-traded funds (ETFs), concludes with expectations for the arrival of more crypto-linked investment products. Bloomberg's Eric Balchunas shared his agreement with the ETF Store's President regarding the surprising lack of filings for a Dogecoin ETF.

2024 年以美國比特幣現貨交易所交易基金 (ETF) 的關鍵推出為開端，並以更多與加密貨幣相關的投資產品的到來而結束。彭博社的 Eric Balchunas 與 ETF Store 總裁就狗狗幣 ETF 備案令人驚訝的情況達成協議。

Rapid growth post-Bitcoin ETF launch

比特幣 ETF 推出後快速成長

Since the groundbreaking launch of BTC ETFs in January 2024, the crypto industry has witnessed remarkable growth. Bitcoin has surged by over 125% year-to-date (YTD), surpassing the highly anticipated $100K milestone. The introduction of ETFs linked to popular altcoins is anticipated to further propel the aggregate crypto market capitalization beyond the $4 trillion threshold.

自 2024 年 1 月突破性推出 BTC ETF 以來，加密產業見證了顯著成長。比特幣今年迄今 (YTD) 已飆升超過 125%，超過了備受期待的 10 萬美元里程碑。與流行山寨幣掛鉤的 ETF 的推出預計將進一步推動加密貨幣總市值突破 4 兆美元大關。

Experts anticipate DOGE ETF

專家預計DOGE ETF

In a recent statement, Nate Geraci, President of the ETF Store, expressed surprise over the absence of Dogecoin ETF filings. He questioned the potential drawbacks and suggested that marketing expenses would be the primary concern. He also raised curiosity about the issuer who might possess the 'DOGE' ticker.

在最近的聲明中，ETF Store 總裁 Nate Geraci 對沒有狗狗幣 ETF 備案表示驚訝。他質疑潛在的缺點，並表示行銷費用將是主要問題。他也對可能擁有「DOGE」股票代碼的發行人表示好奇。

Senior ETF Analyst Balchunas concurred with Geraci, admitting his initial expectation of filings before Christmas. He now anticipates filings after Paul Atkins takes over as SEC chair under the Trump administration. Balchunas further speculated on potential ETF issuers, stating, "If I were in Vegas, my favorite for the reserve of $DOGE ticker would be Venuto. That said, Tuttle is my favorite to file for the ETF."

高級 ETF 分析師 Balchunas 同意 Geraci 的觀點，承認他最初預計聖誕節前會提交申請。他現在預計保羅·阿特金斯在川普政府接任美國證券交易委員會主席後將提交文件。 Balchunas 進一步推測了潛在的 ETF 發行人，他表示：“如果我在拉斯維加斯，我最喜歡的 $DOGE 股票儲備將是 Venuto。也就是說，Tuttle 是我最喜歡申請 ETF 的人。”

Despite Dogecoin's popularity and Elon Musk's support, no investment fund manager has submitted a spot DOGE ETF application with the commission. Balchunas now predicts filings after the new administration assumes office.

儘管狗狗幣很受歡迎並且得到了馬斯克的支持，但還沒有投資基金經理向委員會提交了現貨 DOGE ETF 申請。巴爾丘納斯現在預測新政府上任後將提交申請。

With spot altcoin ETFs for Solana (SOL), Ripple's XRP, and Litecoin (LTC) already in development, it seems inevitable that DOGE's turn will come. The incoming leadership's pro-crypto stance further indicates a more favorable environment for crypto ETFs.

隨著 Solana (SOL)、Ripple 的 XRP 和 Litecoin (LTC) 的現貨山寨幣 ETF 已經在開發中，DOGE 的輪到似乎是不可避免的。即將上任的領導層支持加密貨幣的立場進一步表明，加密貨幣 ETF 的環境更加有利。

Dogecoin price action

狗狗幣價格走勢

Dogecoin's price has experienced a recent slight downturn, declining by 21% over the past seven days. However, it remains significantly higher by 253% YTD. The leading meme cryptocurrency is trading at an average price of $0.316 at the time of writing. This represents a 56% decrease from its all-time high of $0.737, reached on May 08, 2021.

狗狗幣的價格最近經歷了小幅下滑，過去 7 天下跌了 21%。然而，年初至今仍大幅上漲 253%。截至撰寫本文時，領先的 meme 加密貨幣的平均價格為 0.316 美元。這比 2021 年 5 月 8 日達到的歷史高點 0.737 美元下降了 56%。

Elon Musk's D.O.G.E reforms

馬斯克 (Elon Musk) 的 D.O.G.E 改革

The industry is well aware of Dogecoin's status as the preferred meme cryptocurrency of the world's wealthiest individual, Elon Musk. He is currently leading the push for government reforms as part of President-elect Trump's newly established Department of Government Efficiency (D.O.G.E.). This move has contributed to the recent upswing in DOGE's price.

業界非常清楚狗狗幣作為世界上最富有的個人伊隆馬斯克的首選迷因加密貨幣的地位。作為候任總統川普新成立的政府效率部 (D.O.G.E.) 的一部分，他目前正在領導推動政府改革。此舉推動了近期 DOGE 價格的上漲。

Musk is targeting a $2 trillion budget cut and extensive agency reforms. He proposes a return-to-office mandate for federal employees, anticipating mass resignations. He has advocated for the elimination of entire agencies and singled out agency leaders such as FTC Chair Lina Khan for dismissal.

馬斯克的目標是削減 2 兆美元的預算並進行廣泛的機構改革。他提議要求聯邦僱員重返辦公室，預計會有大規模辭職。他主張取消整個機構，並特別點名解僱聯邦貿易委員會主席莉娜·汗（Lina Khan）等機構領導人。

These actions mirror his playbook for the acquisition of X (formerly Twitter). Musk has been outspoken in his criticism of federal employees and agencies. He has specifically targeted Alexis Pelosi, a senior climate adviser, suggesting her dismissal and criticizing the SEC, labeling the government as "more broken than you could possibly imagine."

這些行動反映了他收購 X（以前的 Twitter）的策略。馬斯克一直直言不諱地批評聯邦員工和機構。他特別針對高級氣候顧問亞歷克西斯·佩洛西(Alexis Pelosi)，建議解僱她，並批評美國證券交易委員會(SEC)，給政府貼上“比你想像的更破碎的政府”的標籤。