In the race to secure a spot ETF, various altcoins have intensified their efforts following the approval of Bitcoin and Ethereum spot ETFs. Speculation is rife regarding whether Dogecoin (Doge), the largest meme coin by market capitalization, will make its debut on Wall Street.

在比特币和以太坊现货ETF获得批准后，各种山寨币纷纷加大力度争夺现货ETF。关于市值最大的模因币狗狗币（Doge）是否会在华尔街首次亮相的猜测甚嚣尘上。

Experts suggest that while regulatory hurdles remain, the evolving ETF landscape may soon pave the way for a Dogecoin ETF.

专家表示，尽管监管障碍仍然存在，但不断变化的 ETF 格局可能很快就会为狗狗币 ETF 铺平道路。

Dogecoin: A Potential Candidate for Spot ETF

狗狗币：现货 ETF 的潜在候选者

Industry experts believe Dogecoin ($DOGE) possesses unique potential for a spot ETF, despite currently lacking certain SEC requirements. Unlike Bitcoin and Ethereum, Dogecoin lacks a regulated futures market, a key factor typically considered by the SEC for ETF approvals.

行业专家认为，尽管目前缺乏 SEC 的某些要求，但狗狗币 ($DOGE) 具有作为现货 ETF 的独特潜力。与比特币和以太坊不同，狗狗币缺乏受监管的期货市场，而这是 SEC 在批准 ETF 时通常考虑的关键因素。

Regulatory Changes May Favor Dogecoin ETF

监管变化可能有利于狗狗币 ETF

Analysts anticipate that shifting dynamics within the SEC could reshape regulatory standards, potentially easing Dogecoin's path to a spot ETF.

分析师预计，美国证券交易委员会内部动态的转变可能会重塑监管标准，从而有可能缓解狗狗币走向现货 ETF 的道路。

Bitwise Strategist's Perspective

按位策略师的观点

Juan Leon, Bitwise strategist, acknowledges that securing approval for a Dogecoin ETF under current regulations would be challenging. He notes the SEC's requirements for a regulated futures market and substantial spot market liquidity for digital assets. Dogecoin's current status falls short of these qualifications.

Bitwise 策略师 Juan Leon 承认，根据现行法规获得狗狗币 ETF 的批准将具有挑战性。他注意到美国证券交易委员会对受监管的期货市场和数字资产大量现货市场流动性的要求。狗狗币目前的状况不符合这些条件。

ETF Industry's Evolution

ETF行业的演变

Eric Balchunas, a senior ETF analyst at Bloomberg, emphasizes the experimental and evolving nature of the ETF industry. This allows for assets like Dogecoin to be considered for ETF offerings, despite initial challenges.

彭博社高级 ETF 分析师 Eric Balchunas 强调 ETF 行业的实验性和不断发展的性质。尽管最初面临挑战，但这使得狗狗币等资产可以被考虑用于 ETF 产品。

SEC's Gradual Acceptance

SEC 逐步接受

The SEC's past decisions and gradual approval of ETFs for other cryptocurrencies indicate a shift toward greater acceptance of digital assets in traditional financial markets.

美国证券交易委员会过去的决定以及对其他加密货币 ETF 的逐步批准表明传统金融市场正在转向更广泛地接受数字资产。

Dogecoin's Popularity and Community Support

狗狗币的受欢迎程度和社区支持

Analysts suggest that Dogecoin's widespread popularity and strong community support could bolster its case, particularly as the SEC responds to growing interest in digital assets from both retail and institutional investors.

分析师表示，狗狗币的广泛流行和强大的社区支持可能会增强其说服力，特别是在美国证券交易委员会应对散户和机构投资者对数字资产日益增长的兴趣之际。