Dogecoin ETF Faces Doubts Amid Lack of Utility and Unlimited Supply

Dogecoin ETF在缺乏公用事业和无限供应的情况下面临怀疑

The cryptocurrency market could potentially welcome a new exchange-traded fund (ETF) tracking Dogecoin (DOGE). Asset managers in the United States are reportedly preparing to launch such a product. However, Canary Capital, a leading investment firm, has expressed hesitation in joining the DOGE ETF bandwagon.

加密货币市场可能会欢迎新的交易所交易基金（ETF）跟踪Dogecoin（Doge）。据报道，美国的资产经理正在准备推出这样的产品。但是，领先的投资公司Canary Capital表示犹豫不决加入Doge ETF潮流。

Concerns Raised over DOGE's Lack of Utility and Unlimited Supply

担心Doge缺乏公用事业和无限供应

According to a recent report, Steven McClurg, CEO of Canary Capital, stated that the firm is not interested in launching a spot DOGE ETF due to several concerns. Firstly, he highlighted the lack of utility for Dogecoin in the broader cryptocurrency landscape. Secondly, he pointed to the memecoin's unlimited supply.

根据最近的一份报告，Canary Capital的首席执行官史蒂文·麦克卢格（Steven McClurg）表示，由于几个问题，该公司对推出Doge ETF不感兴趣。首先，他强调了在更广泛的加密货币景观中缺乏狗狗币的效用。其次，他指出了Memecoin的无限供应。

McClurg argued that due to its design, Dogecoin's value will continue to depreciate as its supply increases. Consequently, he does not consider it suitable for an ETF product, given its unlimited supply.

麦克卢格（McClurg）认为，由于其设计，Dogecoin的价值将随着供应量的增加而继续贬值。因此，鉴于其无限的供应，他认为它不适合ETF产品。

Canary Capital Sets Sights on XRP, Solana, and Other Crypto ETFs

XRP，Solana和其他加密ETF的金丝雀资本景点

Despite its reluctance regarding DOGE, Canary Capital is reportedly actively pursuing other crypto ETF products. The firm's interests include Ripple (XRP) and Solana (SOL).

尽管据报道，Canary Capital不愿对Doge，但仍在积极追求其他加密ETF产品。该公司的利益包括Ripple（XRP）和Solana（Sol）。

Solana, unlike DOGE, has utility as it facilitates transaction fees on its network. Notably, SOL was recently utilized in trading the popular Trump memecoin, leading to an increase in its value and network activity.

与Doge不同，Solana具有效用，因为它有助于其网络上的交易费用。值得注意的是，SOL最近被用于交易流行的特朗普纪念物，从而增加了其价值和网络活动。

Asset Managers Bank on Dogecoin's Loyal Community

资产经理银行Dogecoin的忠实社区

Despite its lack of utility, Dogecoin boasts a dedicated fan base, including Tesla founder Elon Musk. Musk's frequent endorsements have often triggered bullish sentiments in the cryptocurrency community.

尽管缺乏公用事业，Dogecoin仍然拥有专门的粉丝群，其中包括特斯拉创始人埃隆·马斯克（Elon Musk）。马斯克的频繁认可经常引发加密货币社区的看涨情绪。

This strong following, coupled with recent developments in the United States regulatory landscape, has likely prompted asset managers to consider a DOGE ETF. Grayscale, a prominent investment firm, has launched a Dogecoin Trust and filed an application to convert it into a spot ETF.

这种强大的追随者，再加上美国的最新监管格局，很可能促使资产管理者考虑Doge ETF。杰出的投资公司Grayscale已经建立了Dogecoin Trust，并提出了将其转换为现场ETF的申请。