Crypto industry anticipates surge in investment products

加密行业预计投资产品将激增

The year 2024, which commenced with the pivotal launch of US Bitcoin spot exchange-traded funds (ETFs), concludes with expectations for the arrival of more crypto-linked investment products. Bloomberg's Eric Balchunas shared his agreement with the ETF Store's President regarding the surprising lack of filings for a Dogecoin ETF.

2024 年以美国比特币现货交易所交易基金 (ETF) 的关键推出为开端，并以更多与加密货币相关的投资产品的到来而结束。彭博社的埃里克·巴尔丘纳斯 (Eric Balchunas) 与 ETF Store 总裁就狗狗币 ETF 备案令人惊讶的情况达成一致。

Rapid growth post-Bitcoin ETF launch

比特币 ETF 推出后快速增长

Since the groundbreaking launch of BTC ETFs in January 2024, the crypto industry has witnessed remarkable growth. Bitcoin has surged by over 125% year-to-date (YTD), surpassing the highly anticipated $100K milestone. The introduction of ETFs linked to popular altcoins is anticipated to further propel the aggregate crypto market capitalization beyond the $4 trillion threshold.

自 2024 年 1 月突破性推出 BTC ETF 以来，加密行业见证了显着增长。比特币今年迄今 (YTD) 已飙升超过 125%，超过了备受期待的 10 万美元里程碑。与流行山寨币挂钩的 ETF 的推出预计将进一步推动加密货币总市值突破 4 万亿美元大关。

Experts anticipate DOGE ETF

专家预计DOGE ETF

In a recent statement, Nate Geraci, President of the ETF Store, expressed surprise over the absence of Dogecoin ETF filings. He questioned the potential drawbacks and suggested that marketing expenses would be the primary concern. He also raised curiosity about the issuer who might possess the 'DOGE' ticker.

在最近的一份声明中，ETF Store 总裁 Nate Geraci 对没有狗狗币 ETF 备案表示惊讶。他质疑潜在的缺点，并表示营销费用将是主要问题。他还对可能拥有“DOGE”股票代码的发行人表示好奇。

Senior ETF Analyst Balchunas concurred with Geraci, admitting his initial expectation of filings before Christmas. He now anticipates filings after Paul Atkins takes over as SEC chair under the Trump administration. Balchunas further speculated on potential ETF issuers, stating, "If I were in Vegas, my favorite for the reserve of $DOGE ticker would be Venuto. That said, Tuttle is my favorite to file for the ETF."

高级 ETF 分析师 Balchunas 同意 Geraci 的观点，承认他最初预计圣诞节前会提交申请。他现在预计保罗·阿特金斯在特朗普政府接任美国证券交易委员会主席后将提交文件。 Balchunas 进一步推测了潜在的 ETF 发行人，他表示：“如果我在拉斯维加斯，我最喜欢的 $DOGE 股票储备将是 Venuto。也就是说，Tuttle 是我最喜欢申请 ETF 的人。”

Despite Dogecoin's popularity and Elon Musk's support, no investment fund manager has submitted a spot DOGE ETF application with the commission. Balchunas now predicts filings after the new administration assumes office.

尽管狗狗币很受欢迎并且得到了埃隆·马斯克的支持，但还没有投资基金经理向委员会提交了现货 DOGE ETF 申请。巴尔丘纳斯现在预测新政府上任后将提交申请。

With spot altcoin ETFs for Solana (SOL), Ripple's XRP, and Litecoin (LTC) already in development, it seems inevitable that DOGE's turn will come. The incoming leadership's pro-crypto stance further indicates a more favorable environment for crypto ETFs.

随着 Solana (SOL)、Ripple 的 XRP 和 Litecoin (LTC) 的现货山寨币 ETF 已经在开发中，DOGE 的轮到似乎是不可避免的。即将上任的领导层支持加密货币的立场进一步表明，加密货币 ETF 的环境更加有利。

Dogecoin price action

狗狗币价格走势

Dogecoin's price has experienced a recent slight downturn, declining by 21% over the past seven days. However, it remains significantly higher by 253% YTD. The leading meme cryptocurrency is trading at an average price of $0.316 at the time of writing. This represents a 56% decrease from its all-time high of $0.737, reached on May 08, 2021.

狗狗币的价格最近经历了小幅下滑，过去 7 天下跌了 21%。然而，年初至今仍大幅上涨 253%。截至撰写本文时，领先的 meme 加密货币的平均价格为 0.316 美元。这比 2021 年 5 月 8 日达到的历史高点 0.737 美元下降了 56%。

Elon Musk's D.O.G.E reforms

埃隆·马斯克 (Elon Musk) 的 D.O.G.E 改革

The industry is well aware of Dogecoin's status as the preferred meme cryptocurrency of the world's wealthiest individual, Elon Musk. He is currently leading the push for government reforms as part of President-elect Trump's newly established Department of Government Efficiency (D.O.G.E.). This move has contributed to the recent upswing in DOGE's price.

业界非常清楚狗狗币作为世界上最富有的个人埃隆·马斯克的首选模因加密货币的地位。作为候任总统特朗普新成立的政府效率部 (D.O.G.E.) 的一部分，他目前正在领导推动政府改革。此举推动了近期 DOGE 价格的上涨。

Musk is targeting a $2 trillion budget cut and extensive agency reforms. He proposes a return-to-office mandate for federal employees, anticipating mass resignations. He has advocated for the elimination of entire agencies and singled out agency leaders such as FTC Chair Lina Khan for dismissal.

马斯克的目标是削减 2 万亿美元的预算并进行广泛的机构改革。他提议要求联邦雇员重返办公室，预计会有大规模辞职。他主张取消整个机构，并特别点名解雇联邦贸易委员会主席莉娜·汗（Lina Khan）等机构领导人。

These actions mirror his playbook for the acquisition of X (formerly Twitter). Musk has been outspoken in his criticism of federal employees and agencies. He has specifically targeted Alexis Pelosi, a senior climate adviser, suggesting her dismissal and criticizing the SEC, labeling the government as "more broken than you could possibly imagine."

这些行动反映了他收购 X（以前的 Twitter）的策略。马斯克一直直言不讳地批评联邦雇员和机构。他特别针对高级气候顾问亚历克西斯·佩洛西(Alexis Pelosi)，建议解雇她，并批评美国证券交易委员会(SEC)，给政府贴上“比你想象的更破碎的政府”的标签。