In the race to secure a spot ETF, various altcoins have intensified their efforts following the approval of Bitcoin and Ethereum spot ETFs. Speculation is rife regarding whether Dogecoin (Doge), the largest meme coin by market capitalization, will make its debut on Wall Street.

在比特幣和以太坊現貨ETF獲得批准後，各種山寨幣紛紛加大力度爭奪現貨ETF。關於市值最大的迷因幣狗狗幣（Doge）是否會在華爾街首次亮相的猜測甚囂塵上。

Experts suggest that while regulatory hurdles remain, the evolving ETF landscape may soon pave the way for a Dogecoin ETF.

專家表示，儘管監管障礙仍然存在，但不斷變化的 ETF 模式可能很快就會為狗狗幣 ETF 鋪平道路。

Dogecoin: A Potential Candidate for Spot ETF

狗狗幣：現貨 ETF 的潛在候選人

Industry experts believe Dogecoin ($DOGE) possesses unique potential for a spot ETF, despite currently lacking certain SEC requirements. Unlike Bitcoin and Ethereum, Dogecoin lacks a regulated futures market, a key factor typically considered by the SEC for ETF approvals.

行業專家認為，儘管目前缺乏 SEC 的某些要求，但狗狗幣 ($DOGE) 具有現貨 ETF 的獨特潛力。與比特幣和以太坊不同，狗狗幣缺乏受監管的期貨市場，而這是 SEC 在批准 ETF 時通常考慮的關鍵因素。

Regulatory Changes May Favor Dogecoin ETF

監管變化可能有利於狗狗幣 ETF

Analysts anticipate that shifting dynamics within the SEC could reshape regulatory standards, potentially easing Dogecoin's path to a spot ETF.

分析師預計，美國證券交易委員會內部動態的轉變可能會重塑監管標準，從而有可能緩解狗狗幣走向現貨 ETF 的道路。

Bitwise Strategist's Perspective

按位策略師的觀點

Juan Leon, Bitwise strategist, acknowledges that securing approval for a Dogecoin ETF under current regulations would be challenging. He notes the SEC's requirements for a regulated futures market and substantial spot market liquidity for digital assets. Dogecoin's current status falls short of these qualifications.

Bitwise 策略師 Juan Leon 承認，根據現行法規獲得狗狗幣 ETF 的批准將具有挑戰性。他注意到美國證券交易委員會對受監管的期貨市場和數位資產大量現貨市場流動性的要求。狗狗幣目前的狀況不符合這些條件。

ETF Industry's Evolution

ETF產業的演變

Eric Balchunas, a senior ETF analyst at Bloomberg, emphasizes the experimental and evolving nature of the ETF industry. This allows for assets like Dogecoin to be considered for ETF offerings, despite initial challenges.

彭博社資深 ETF 分析師 Eric Balchunas 強調 ETF 產業的實驗性和不斷發展的性質。儘管最初面臨挑戰，但這使得狗狗幣等資產可以被考慮用於 ETF 產品。

SEC's Gradual Acceptance

SEC 逐步接受

The SEC's past decisions and gradual approval of ETFs for other cryptocurrencies indicate a shift toward greater acceptance of digital assets in traditional financial markets.

美國證券交易委員會過去的決定以及對其他加密貨幣 ETF 的逐步批准表明傳統金融市場正在轉向更廣泛地接受數位資產。

Dogecoin's Popularity and Community Support

狗狗幣的受歡迎程度和社區支持

Analysts suggest that Dogecoin's widespread popularity and strong community support could bolster its case, particularly as the SEC responds to growing interest in digital assets from both retail and institutional investors.

分析師表示，狗狗幣的廣泛流行和強大的社區支持可能會增強其說服力，特別是在美國證券交易委員會應對散戶和機構投資者對數位資產日益增長的興趣之際。