Bitwise Files for Dogecoin ETF, Formalizing Plans with SEC

Dogecoin ETF的钻头文件，用SEC进行正式计划

Bitwise has officially submitted an S-1 registration with the U.S. Securities and Exchange Commission (SEC) to launch a spot Dogecoin (DOGE) exchange-traded fund (ETF). This formalizes Bitwise's plans to offer investors a way to directly hold DOGE in a regulated environment.

Bitwise已正式向美国证券交易委员会（SEC）提交了S-1注册，以启动现货Dogecoin（Doge）交易所交易基金（ETF）。这正式化了Bitwise为投资者提供一种直接在受管制环境中持有的方式的方式。

Key Points:

要点：

• Bitwise's S-1 filing was submitted on January 28th, 2025.
• The ETF will provide investors with exposure to DOGE's price movements without the need for crypto wallets or exchanges.
• Bitwise's ETF is filed under the "33 Act," which has less stringent regulatory requirements compared to the "40 Act" used by other DOGE ETF filers.
• While a DOGE ETF would increase accessibility for investors, it also raises concerns over the volatility associated with meme coins.

Other Filings:

Bitwise的S-1备案提交于2025年1月28日提交。ETF将为投资者提供对Doge的价格变动的敞口与其他Doge ETF申报人使用的“ 40 ACT”相比。虽然Doge ETF会增加投资者的可访问性，但它也引起了人们对与模因硬币相关的波动性的担忧。

• Rex Shares and Osprey Funds have also filed for a DOGE ETF under the "40 Act."
• The "40 Act" offers investors stronger protections through stricter SEC oversight and limits on riskier practices.

Implications:

雷克斯（Rex）的股票和鱼鹰基金也根据“ 40法案”为Doge ETF申请。《 40 ACT》通过更严格的SEC监督和限制更风险的做法为投资者提供了更强大的保护措施。

• ETFs offer investors diversification, cost efficiency, liquidity, and transparency, making them a convenient way to manage investments.
• A DOGE ETF would provide investors with a regulated pathway to gain exposure to the cryptocurrency.
• Despite the convenience, it's important to consider the potential risks associated with investing in meme coins due to their inherent volatility.

ETF为投资者提供多元化，成本效率，流动性和透明度，使其成为管理投资的便利方式。ADOGEETF将为投资者提供受监管的途径，以获取对加密货币的暴露。由于其固有的波动性，与对模因硬币进行投资有关。