Why Did Tuttle Capital Withdraw ETF Applications?

塔特尔资本为什么撤回ETF申请？

Tuttle Capital Management has withdrawn its applications for ten leveraged cryptocurrency exchange-traded funds (ETFs) linked to BONK, TRUMP, and MELANIA tokens, raising concerns within the financial community. This move underscores the regulatory challenges faced by funds centered around meme coins.

Tuttle Capital Management已撤回了与Bonk​​，Trump和Melania Tokens相关的十个杠杆加密货币交易所贸易资金（ETF）的申请，这引起了金融界的担忧。此举强调了以模因硬币为中心的资金所面临的监管挑战。

Bitwise Moves Forward with Dogecoin ETF

用狗狗ETF向前移动

In a contrasting move, Bitwise has filed a registration statement with the Securities and Exchange Commission (SEC) for a Physical Dogecoin ETF, positioning it as a legitimate Spot Dogecoin ETF proposal.

相反的举动，Bitwise已向证券交易委员会（SEC）提交了注册声明，以实施狗狗ETF，将其定位为合法的Dogecoin ETF提案。

Concerns over Meme Coin ETFs

对模因硬币ETF的关注

Industry critics argue that meme coin ETFs are essentially speculative ventures. Bryan Armour of Morningstar believes these ETFs are more suited for entertainment than for serious trading.

行业批评家认为，模因硬币ETF本质上是投机性的冒险。 Morningstar的Bryan Armour认为，这些ETF比认真交易更适合娱乐。

Market Outflows and Concerns

市场流出和关注

The cryptocurrency market has witnessed substantial outflows, with significant losses in prominent Bitcoin and Ethereum ETFs. Despite this, Spot Bitcoin ETFs in the United States still account for 5.55% of the total Bitcoin supply.

加密货币市场见证了大量外流，在著名的比特币和以太坊ETF中造成了巨大损失。尽管如此，美国的现货比特币ETF仍占比特币供应总额的5.55％。

Implications for Cryptocurrency ETFs

对加密货币ETF的影响

Tuttle's withdrawal illustrates the SEC's limitations on acceptable fund proposals. Industry experts express concerns about the viability of meme coins as financial instruments. Major ETFs, such as Fidelity's FBTC and Grayscale's GTBC, have also experienced notable outflows.

Tuttle的撤离说明了SEC对可接受的基金提案的限制。行业专家对模因硬币作为金融工具的生存能力表示关注。 Fidelity的FBTC和Grayscale的GTBC等主要ETF也经历了显着的外流。

These developments signal a cautious climate among investors regarding cryptocurrency ETFs, especially those tied to meme coins. Ongoing regulatory hurdles contribute to the growing uncertainty in the market.

这些事态发展表明，投资者在加密货币ETF方面是一个谨慎的气候，尤其是与模因硬币相关的环境。正在进行的监管障碍有助于市场上日益严重的不确定性。

Read More: Why Did Tuttle Capital Withdraw ETF Applications?

阅读更多：为什么Tuttle Capital撤回ETF应用程序？