The cryptocurrency world witnessed groundbreaking progress in 2024 with the approval and success of Bitcoin and Ethereum ETFs.

随着比特币和以太坊 ETF 的批准和成功，加密货币世界在 2024 年见证了突破性进展。

As the United States embraces a pro-crypto administration under President-elect Donald Trump, speculation is growing about the potential launch of a Dogecoin ETF in 2025.

随着美国当选总统唐纳德·特朗普 (Donald Trump) 领导下的支持加密货币的政府，关于 2025 年可能推出狗狗币 ETF 的猜测越来越多。

“I think everything is on the table under the new administration,” ETF Store President Nate Geraci said in an interview. President-elect Trump has declared a vision to position America as the “Bitcoin capital of the world.” To further this agenda, Trump announced the creation of the Department of Government Efficiency (DOGE), a nod to Dogecoin, led by Dogecoin fan Elon Musk.

ETF Store 总裁 Nate Geraci 在接受采访时表示：“我认为在新政府的领导下，一切都已摆在桌面上。”当选总统特朗普宣布了将美国定位为“世界比特币之都”的愿景。为了推进这一议程，特朗普宣布成立政府效率部（DOGE），这是对狗狗币的认可，由狗狗币粉丝埃隆·马斯克领导。

Geraci noted that regulatory clarity is key to advancing more crypto ETFs. “The hope is that the new administration will move quickly to determine which crypto assets are securities and which are not,” he explained. “Once this framework is in place, the approval path for additional spot crypto ETFs will become much clearer.”

Geraci 指出，监管清晰度是推进更多加密 ETF 的关键。 “希望新政府能够迅速采取行动，确定哪些加密资产是证券，哪些不是，”他解释道。 “一旦这个框架到位，更多现货加密 ETF 的批准路径将变得更加清晰。”

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While the focus has shifted to the broader crypto ETF landscape, recent developments suggest that a Solana ETF could launch before any Dogecoin funds. The Cboe BZX exchange has already filed four applications for spot Solana ETFs, with analysts predicting approval as early as mid-2025.

虽然焦点已转移到更广泛的加密 ETF 领域，但最近的事态发展表明 Solana ETF 可能会先于任何狗狗币基金推出。 Cboe BZX 交易所已提交四份 Solana ETF 现货申请，分析师预计最早将于 2025 年中期获得批准。

“I’m pretty confident we’ll see a Solana ETF trading in the first half of 2025,” said Louis Sykes, crypto analyst at All-Star Charts. “DOGE is much less likely…let’s just say Wall Street prefers assets that weren’t born as a memecoin.”

All-Star Charts 的加密货币分析师 Louis Sykes 表示：“我非常有信心我们将在 2025 年上半年看到 Solana ETF 交易。” “DOGE 的可能性要小得多……可以说，华尔街更喜欢那些并非作为模因币诞生的资产。”

“Today’s humor is tomorrow’s ETF,” said Eric Balchunas, Bloomberg’s senior ETF analyst. “You can ask yourself, ‘Is DOGE a long shot?’ and I would say we’ll see. I think someone will try it because why not?”

彭博社高级 ETF 分析师 Eric Balchunas 表示：“今天的幽默就是明天的 ETF。” “你可以问自己，‘DOGE 的可能性大吗？’我想说我们拭目以待。我认为有人会尝试，因为为什么不呢？”

Alexander Blume, CEO of Two Prime Digital Assets, agrees that Dogecoin ETF applications are inevitable. “With the phenomenal success of BTC ETFs, venture capital firms will look to create any product that can be successful,” Blume said. However, he warned that highly concentrated holders of Dogecoin could create difficulties in proving a fair market.

Two Prime Digital Assets 首席执行官 Alexander Blume 也同意狗狗币 ETF 的应用是不可避免的。布鲁姆表示：“随着 BTC ETF 的巨大成功，风险投资公司将寻求创造任何能够成功的产品。”然而，他警告说，高度集中的狗狗币持有者可能会给证明公平市场带来困难。

*This is not investment advice.
Continue Reading: Speculation Grows: Will There Be Dogecoin (DOGE) Spot ETF Approval in 2025?

*这不是投资建议。继续阅读：投机增长：狗狗币 (DOGE) 现货 ETF 会在 2025 年获得批准吗？