The Securities and Exchange Commission (SEC) is currently reviewing Bitwise Asset Management's application for a Dogecoin exchange-traded fund (ETF). NYSE Arca submitted a 19b-4 filing to seek approval for this ETF, following Bitwise's earlier S-1 filing. Coinbase Custody will serve as the custodian for Dogecoin assets, while the Bank of New York Mellon will manage cash assets and administration.

美國證券交易委員會（SEC）目前正在審查Bitwise Management對Dogecoin交易所交易基金（ETF）的申請。 NYSE ARCA提交了19b-4檔案，以尋求Bitwise先前的S-1備案之後的ETF批准。 Coinbase監護權將作為Dogecoin資產的託管人，而紐約梅隆銀行將管理現金資產和管理。

The proposed ETF will primarily invest in Dogecoin. Its Net Asset Value (NAV) will be calculated daily using the CF Dogecoin-Dollar Settlement Price, aiming for close tracking of Dogecoin's market price. This offers investors a convenient way to gain exposure to Dogecoin through traditional markets.

擬議的ETF將主要投資Dogecoin。 其淨資產價值（NAV）將每天使用CF Dogecoin-allar和解價格進行計算，以仔細跟踪Dogecoin的市場價格。這為投資者提供了一種方便的方式，可以通過傳統市場獲取Dogecoin。

Several firms are vying for SEC approval, including Grayscale Investments and Rex Shares. Grayscale's application is reportedly further along in the SEC's review process, making them a significant competitor.

幾家公司正在爭奪SEC批准，包括灰度投資和Rex股票。 據報導，Grayscale的申請在SEC的審查過程中進一步發展，使其成為重要的競爭對手。

Market sentiment regarding Dogecoin ETF approval is increasingly positive. Polymarket indicates a 67% probability of approval, up from 55% the previous day. Bloomberg analysts predict a 75% chance of approval by 2025. This growing confidence suggests the market anticipates a regulated Dogecoin ETF, although approval remains uncertain.

關於Dogecoin ETF批准的市場情緒越來越積極。 Polymarket表示批准的可能性為67％，高於前一天的55％。彭博分析師預測，到2025年，批准的機會有75％。這種越來越多的信心表明，儘管批准尚不確定，但市場預計市場將受到監管的Dogecoin ETF。

This potential ETF marks a significant milestone for Dogecoin. Originating as a lighthearted project in 2013, Dogecoin has evolved into the largest meme cryptocurrency, boasting a market capitalization exceeding $28 billion.

這種潛在的ETF標誌著Dogecoin的重要里程碑。 Dogecoin於2013年成為一個輕鬆的項目，已經發展成為最大的Meme加密貨幣，其市值超過280億美元。

Despite the optimism surrounding the ETF, DOGE's price recently experienced a near 16% drop, accompanied by a 17% decrease in trading volume. This decline reflects broader market challenges, even amidst positive ETF-related news.

儘管圍繞ETF的樂觀態度，但Doge的價格最近卻略有16％，伴隨著交易量減少了17％。這種下降反映了更廣泛的市場挑戰，甚至在與ETF相關的積極新聞中。

In conclusion, while anticipation builds for Dogecoin ETF approval, the volatility of DOGE's price remains a key consideration.

總而言之，儘管為Dogecoin ETF批准而建立了預期，但Doge價格的波動仍然是一個關鍵的考慮因素。