Understanding the Controversy Surrounding Cryptocurrency ETF Withdrawals

了解圍繞加密貨幣ETF提款的爭議

Tuttle Capital Management's withdrawal of ten proposed leveraged crypto ETFs targeting BONK, TRUMP, and MELANIA tokens provides valuable insights into regulatory views on meme-focused funds.

塔特爾資本管理公司（Tuttle Capital Management）撤回了針對Bonk，Trump和Melania代幣的十個擬議槓桿加密ETF，為對以模因為中心的資金的監管觀點提供了寶貴的見解。

Bitwise's Dogecoin ETF Application

Bitwise的Dogecoin ETF應用

Bitwise has submitted an S-1 registration for a Physical Dogecoin ETF under the 1933 Securities Act, marking it the first formally recorded Spot Dogecoin ETF proposal.

根據1933年的《證券法》，BITWIES已向物理Dogecoin ETF提交了S-1註冊，標誌著它是第一個正式記錄的現場Dogecoin ETF提案。

Criticism of Meme Coin ETFs

對模因硬幣ETF的批評

Industry experts express concerns about meme coin ETFs, deeming them speculative investments. Bryan Armour of Morningstar suggests they align more with entertainment than stock market objectives.

行業專家對模因硬幣ETF表示關注，認為他們投資性投資。 Morningstar的Bryan Armour建議，與股票市場目標相比，它們與娛樂的目標更多。

Outflows from Established Bitcoin and Ethereum ETFs

來自既定比特幣和以太坊ETF的流出

Major Bitcoin and Ethereum ETFs have witnessed a combined $600 million net outflow in recent days. However, U.S. spot Bitcoin ETFs hold a significant 5.55% of the total Bitcoin supply.

最近幾天，主要的比特幣和以太坊ETF目睹了6億美元的淨流出。但是，美國現貨比特幣ETF佔比特幣供應總額的5.55％。

SEC's Stance on Meme Coin ETFs

SEC對模因硬幣ETF的立場

Tuttle's withdrawal of applications for TRUMP and MELANIA ETFs suggests the Securities and Exchange Commission (SEC) may not approve meme-focused funds.

塔特爾（Tuttle）撤回了特朗普和梅拉尼亞（Melania）ETF的申請表明，證券交易委員會（SEC）可能不批准以模因為中心的資金。

Eric Balchunas, Bloomberg's Senior ETF Analyst, believes this could establish clearer boundaries for SEC acceptance.

彭博（Bloomberg）的高級ETF分析師埃里克·巴爾庫納斯（Eric Balchunas）認為，這可以為SEC接受建立更清晰的界限。

Meme Coins and ETF Providers

模因硬幣和ETF提供商

Bryan Armour questions the purpose of meme coin ETFs, as they may not contribute to capital market objectives. Nate Geraci, President of The ETF Store, highlights the cosmetic issues created by including meme coins with potentially declining value in ETF offerings.

布萊恩·盔甲（Bryan Armour）質疑模因硬幣ETF的目的，因為它們可能不會促進資本市場目標。 ETF商店總裁內特·格拉西（Nate Geraci）強調了通過在ETF產品中具有潛在價值下降的模因硬幣所產生的化妝品問題。

Bitcoin ETF Holdings

比特幣ETF持有

Despite recent outflows, Fidelity's FBTC and Grayscale's GTBC ETFs have experienced strong performance. Grayscale's ETHE ETF recorded the largest single-day net outflow. Collectively, U.S. Spot Bitcoin ETFs hold 1.165 million Bitcoins.

儘管最近流出了，但Fidelity的FBTC和Grayscale的GTBC ETF表現出色。 Grayscale的Ethe ETF記錄了最大的單日淨流出。總體而言，美國現貨比特幣ETF持有11.65億比特幣。

Conclusion

結論

The recent developments indicate that cryptocurrency ETFs face regulatory challenges, prompting investors to adopt a cautious approach. The potential non-recognition of meme coins as financial instruments adds to the uncertainty in this sector.

最近的事態發展表明，加密貨幣ETF面臨監管挑戰，促使投資者採取謹慎的方法。由於金融工具的潛在不認識模因硬幣增加了該行業的不確定性。