Why Did Tuttle Capital Withdraw ETF Applications?

塔特爾資本為什麼撤回ETF申請？

Tuttle Capital Management has withdrawn its applications for ten leveraged cryptocurrency exchange-traded funds (ETFs) linked to BONK, TRUMP, and MELANIA tokens, raising concerns within the financial community. This move underscores the regulatory challenges faced by funds centered around meme coins.

Tuttle Capital Management已撤回了與Bonk​​，Trump和Melania Tokens相關的十個槓桿加密貨幣交易所貿易資金（ETF）的申請，這引起了金融界的擔憂。此舉強調了以模因硬幣為中心的資金所面臨的監管挑戰。

Bitwise Moves Forward with Dogecoin ETF

用狗狗ETF向前移動

In a contrasting move, Bitwise has filed a registration statement with the Securities and Exchange Commission (SEC) for a Physical Dogecoin ETF, positioning it as a legitimate Spot Dogecoin ETF proposal.

相反的舉動，Bitwise已向證券交易委員會（SEC）提交了註冊聲明，以實施狗狗ETF，將其定位為合法的Dogecoin ETF提案。

Concerns over Meme Coin ETFs

對模因硬幣ETF的關注

Industry critics argue that meme coin ETFs are essentially speculative ventures. Bryan Armour of Morningstar believes these ETFs are more suited for entertainment than for serious trading.

行業批評家認為，模因硬幣ETF本質上是投機性的冒險。 Morningstar的Bryan Armour認為，這些ETF比認真交易更適合娛樂。

Market Outflows and Concerns

市場流出和關注

The cryptocurrency market has witnessed substantial outflows, with significant losses in prominent Bitcoin and Ethereum ETFs. Despite this, Spot Bitcoin ETFs in the United States still account for 5.55% of the total Bitcoin supply.

加密貨幣市場見證了大量外流，在著名的比特幣和以太坊ETF中造成了巨大損失。儘管如此，美國的現貨比特幣ETF仍佔比特幣供應總額的5.55％。

Implications for Cryptocurrency ETFs

對加密貨幣ETF的影響

Tuttle's withdrawal illustrates the SEC's limitations on acceptable fund proposals. Industry experts express concerns about the viability of meme coins as financial instruments. Major ETFs, such as Fidelity's FBTC and Grayscale's GTBC, have also experienced notable outflows.

Tuttle的撤離說明了SEC對可接受的基金提案的限制。行業專家對模因硬幣作為金融工具的生存能力表示關注。 Fidelity的FBTC和Grayscale的GTBC等主要ETF也經歷了顯著的外流。

These developments signal a cautious climate among investors regarding cryptocurrency ETFs, especially those tied to meme coins. Ongoing regulatory hurdles contribute to the growing uncertainty in the market.

這些事態發展表明，投資者在加密貨幣ETF方面是一個謹慎的氣候，尤其是與模因硬幣相關的環境。正在進行的監管障礙有助於市場上日益嚴重的不確定性。

Read More: Why Did Tuttle Capital Withdraw ETF Applications?

閱讀更多：為什麼Tuttle Capital撤回ETF應用程序？