Several major U.S. exchanges have filed applications to list exchange-traded funds (ETFs) tracking digital assets like Hedera (HBAR) and Dogecoin (DOGE), signaling the growing integration of cryptocurrencies into traditional finance. These ETFs offer investors regulated access to these digital assets, eliminating the complexities of directly owning and managing large quantities of cryptocurrency.

美国的几项主要交易所提出了申请，以列出交易所交易基金（ETF）跟踪数字资产（例如Hedera（HBAR）和Dogecoin（Doge）），这表明了加密货币融入传统融资的融合日益增长。 这些ETF为投资者提供了对这些数字资产的访问权限，从而消除了直接拥有和管理大量加密货币的复杂性。

Nasdaq's Initiative: Grayscale Hedera ETF

纳斯达克的倡议：格雷斯卡·赫德拉ETF

On March 3, 2025, Nasdaq filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to list the Grayscale Hedera Trust. This marks Grayscale's sixth attempt to launch an altcoin-focused ETF, highlighting their commitment to expanding cryptocurrency investment options. The Grayscale Hedera ETF will track the performance of HBAR, the native token of the Hedera network, providing investors with exposure to this innovative platform.

2025年3月3日，纳斯达克向美国证券交易委员会（SEC）提交了19b-4表格，以列出灰刻级Hedera Trust。这标志着Grayscale的第六次尝试推出以Altcoin为中心的ETF，强调了他们致力于扩大加密货币投资选择的承诺。 Hedera ETF灰度Hedera ETF将跟踪Hedera网络本地代币HBAR的性能，从而为投资者提供了这种创新平台的影响。

Hedera distinguishes itself through its use of the Hashgraph consensus algorithm, offering faster and cheaper transactions compared to traditional blockchain technology. This efficiency attracts businesses seeking effective decentralized solutions. The SEC has acknowledged the filing and initiated a review process, typically lasting around 45 days, to assess the ETF's compliance with regulatory standards.

Hedera通过使用标签共识算法来区分自己，与传统的区块链技术相比，提供更快，更便宜的交易。这种效率吸引了寻求有效分散解决方案的企业。 SEC已承认该文件，并启动了审查程序，通常持续约45天，以评估ETF遵守监管标准。

NYSE Arca's Proposal: Bitwise Dogecoin ETF

NYSE ARCA的提议：位狗狗ETF

Similarly, NYSE Arca submitted a proposed rule change to list the Bitwise Dogecoin ETF. This ETF aims to provide direct exposure to Dogecoin, reflecting its evolution from a meme coin to a significant cryptocurrency. If approved, the Bitwise Dogecoin ETF would allow investors to gain exposure to DOGE without the need to manage private keys or interact directly with cryptocurrency exchanges.

同样，纽约证券交易所ARCA提交了拟议的规则更改，以列出位狗狗ETF。 该ETF旨在直接接触Dogecoin，反映其从模因硬币到明显的加密货币的演变。 如果获得批准，dogecoin ETF将允许投资者无需管理私钥或直接与加密货币交易所互动而获得Doge的曝光率。

Dogecoin's transformation from a satirical cryptocurrency to a major player in the market underscores the dynamic nature of the crypto space. Its inclusion in a proposed ETF further demonstrates increasing institutional interest and the mainstream adoption of previously niche digital assets.

Dogecoin从讽刺的加密货币转变为市场上的主要参与者强调了加密货币空间的动态性质。它的包含在拟议的ETF中进一步表明，机构的利益不断提高，并主流采用了以前的数字资产。

Market Reactions and Price Movements

市场反应和价格变动

The announcements of these ETF filings significantly impacted the prices of HBAR and DOGE. Hedera's price surged following the news, reflecting investor enthusiasm. Dogecoin also experienced a price increase, although subsequent volatility, typical of the cryptocurrency market, followed.

这些ETF文件的公告极大地影响了HBAR和DOGE的价格。 赫德拉（Hedera）的价格在新闻之后飙升，反映了投资者的热情。随后，Dogecoin随后发生了典型的加密货币市场的波动性，尽管随后发生了上涨。

Hedera and Dogecoin's Current Price Overview

Hedera和Dogecoin的当前价格概述

As of March 5, 2025, the cryptocurrency market showed significant movement. The table below summarizes the current prices and market capitalizations of selected cryptocurrencies:

截至2025年3月5日，加密货币市场表现出重大运动。 下表总结了选定加密货币的当前价格和市值：

Data sourced from CoinMarketCap and GoldPrice.org as of March 5, 2025.

CryptocurrencyPrice（USD）市值（USD）比特币（BTC）$ 83,609.00 $ 1,659,803,929,597,597 Ethereum（ETH）$ 2,099.55 $ 2,099.55 $ 253,486,486,591,781HEDERA（HBAR） （DOGE）$ 0.198161 $ 28,602,621,709DATA截至2025年3月5日，摘自CoinMarketCap和Goldprice.org。

Implications for the Crypto ETF Landscape

对加密ETF景观的影响

The ETF applications for Hedera and Dogecoin are part of a broader trend among asset managers to offer regulated investment products linked to various cryptocurrencies. This reflects growing demand for regulated crypto investment vehicles from both retail and institutional investors.

Hedera和Dogecoin的ETF应用程序是资产经理中更广泛的趋势的一部分，即提供与各种加密货币相关的受监管的投资产品。这反映了零售和机构投资者对受监管的加密投资工具的需求不断增长。

The SEC's decision on these applications will be crucial. Approval could trigger a wave of new crypto ETFs, expanding beyond altcoins to encompass other digital assets within traditional financial markets. Conversely, delays or rejections could fuel further discussions about crypto investment regulations.

SEC对这些申请的决定至关重要。批准可能会触发一波新的加密ETF，扩大了山寨币以外的地方，以涵盖传统金融市场中的其他数字资产。相反，延误或拒绝可能会激发有关加密投资法规的进一步讨论。

Conclusion

结论

Nasdaq and NYSE Arca's efforts to list ETFs for Hedera and Dogecoin represent a significant step toward integrating cryptocurrencies into traditional finance. These developments provide investors with valuable new tools and highlight the evolving financial landscape's adaptation to new digital assets. The SEC's decision on these proposals will be instrumental in shaping the future of crypto adoption and regulation.

纳斯达克（NASDAQ）和纽约证券交易所（NYSE ARCA）为HEDERA和DOGECOIN列出ETF的努力是将加密货币整合到传统金融中的重要一步。 这些发展为投资者提供了宝贵的新工具，并突出了不断发展的金融格局对新数字资产的改编。 SEC对这些建议的决定将有助于塑造加密采用和监管的未来。

FAQs

常见问题解答

• What is an ETF? An Exchange-Traded Fund (ETF) is an investment fund traded on a stock exchange, typically tracking a specific index, commodity, or asset.
• How does a cryptocurrency ETF work? A cryptocurrency ETF provides exposure to digital assets without directly purchasing them. Investors invest in a fund that holds the cryptocurrency, simplifying the process and often providing regulatory oversight.
• Why invest in a Crypto ETF? A crypto ETF combines the benefits of regulatory oversight and a traditional brokerage account, eliminating the need for digital wallets and private key management.
• What are the risks of crypto ETFs? Risks include the inherent volatility of cryptocurrencies, potential regulatory changes, and the performance of the underlying assets, which can cause significant ETF value fluctuations.

Glossary of Key Terms

什么是ETF？交易所交易基金（ETF）是一家以证券交易所交易的投资基金，通常跟踪特定指数，商品或资产。加密货币ETF如何工作？加密货币ETF无需直接购买数字资产就可以接触数字资产。投资者投资于拥有加密货币，简化流程并经常提供监管监督的基金。为什么投资加密ETF？ Crypto ETF结合了监管监督的好处和传统的经纪帐户，消除了对数字钱包和私人密钥管理的需求。加密ETF的风险是什么？风险包括加密货币的固有波动性，潜在的监管变化以及基础资产的性能，这可能会引起重大的ETF价值波动。

• Cryptocurrency: A digital or virtual currency using cryptography for security and operating independently of a central authority.
• Exchange-Traded Fund (ETF): An investment fund traded on stock exchanges, tracking the performance of a specific asset or group of assets.
• Hedera (HBAR): The native cryptocurrency of the Hedera network, known for its Hashgraph consensus algorithm, enabling fast and secure transactions.
• Dogecoin (DOGE): A cryptocurrency that originated as a meme but has become a significant digital asset with a substantial market capitalization.
• SEC (Securities and Exchange Commission): The U.S. federal agency responsible for enforcing federal securities laws and regulating the securities industry.

Sources

加密货币：使用加密货币进行安全性和独立于中央权威运营的数字或虚拟货币。交换交易基金（ETF）：一种用于证券交易所的投资基金，跟踪特定资产或一组资产的绩效。 Transactions.DogeCoin（Doge）：起源于模因但已成为大量市值的重要数字资产。SEC（证券和交易委员会）：美国联邦机构负责执行联邦证券法和规范证券行业。

• etf.com
• coinmarketcap.com
• cointelegraph.com

etf.comcoinmarketcap.comcointelegraph.com