Understanding the Controversy Surrounding Cryptocurrency ETF Withdrawals

了解围绕加密货币ETF提款的争议

Tuttle Capital Management's withdrawal of ten proposed leveraged crypto ETFs targeting BONK, TRUMP, and MELANIA tokens provides valuable insights into regulatory views on meme-focused funds.

塔特尔资本管理公司（Tuttle Capital Management）撤回了针对Bonk，Trump和Melania代币的十个拟议杠杆加密ETF，为对以模因为中心的资金的监管观点提供了宝贵的见解。

Bitwise's Dogecoin ETF Application

Bitwise的Dogecoin ETF应用

Bitwise has submitted an S-1 registration for a Physical Dogecoin ETF under the 1933 Securities Act, marking it the first formally recorded Spot Dogecoin ETF proposal.

根据1933年的《证券法》，BITWIES已向物理Dogecoin ETF提交了S-1注册，标志着它是第一个正式记录的现场Dogecoin ETF提案。

Criticism of Meme Coin ETFs

对模因硬币ETF的批评

Industry experts express concerns about meme coin ETFs, deeming them speculative investments. Bryan Armour of Morningstar suggests they align more with entertainment than stock market objectives.

行业专家对模因硬币ETF表示关注，认为他们投资性投资。 Morningstar的Bryan Armour建议，与股票市场目标相比，它们与娱乐的目标更多。

Outflows from Established Bitcoin and Ethereum ETFs

来自既定比特币和以太坊ETF的流出

Major Bitcoin and Ethereum ETFs have witnessed a combined $600 million net outflow in recent days. However, U.S. spot Bitcoin ETFs hold a significant 5.55% of the total Bitcoin supply.

最近几天，主要的比特币和以太坊ETF目睹了6亿美元的净流出。但是，美国现货比特币ETF占比特币供应总额的5.55％。

SEC's Stance on Meme Coin ETFs

SEC对模因硬币ETF的立场

Tuttle's withdrawal of applications for TRUMP and MELANIA ETFs suggests the Securities and Exchange Commission (SEC) may not approve meme-focused funds.

塔特尔（Tuttle）撤回了特朗普和梅拉尼亚（Melania）ETF的申请表明，证券交易委员会（SEC）可能不批准以模因为中心的资金。

Eric Balchunas, Bloomberg's Senior ETF Analyst, believes this could establish clearer boundaries for SEC acceptance.

彭博（Bloomberg）的高级ETF分析师埃里克·巴尔库纳斯（Eric Balchunas）认为，这可以为SEC接受建立更清晰的界限。

Meme Coins and ETF Providers

模因硬币和ETF提供商

Bryan Armour questions the purpose of meme coin ETFs, as they may not contribute to capital market objectives. Nate Geraci, President of The ETF Store, highlights the cosmetic issues created by including meme coins with potentially declining value in ETF offerings.

布莱恩·盔甲（Bryan Armour）质疑模因硬币ETF的目的，因为它们可能不会促进资本市场目标。 ETF商店总裁内特·格拉西（Nate Geraci）强调了通过在ETF产品中具有潜在价值下降的模因硬币所产生的化妆品问题。

Bitcoin ETF Holdings

比特币ETF持有

Despite recent outflows, Fidelity's FBTC and Grayscale's GTBC ETFs have experienced strong performance. Grayscale's ETHE ETF recorded the largest single-day net outflow. Collectively, U.S. Spot Bitcoin ETFs hold 1.165 million Bitcoins.

尽管最近流出了，但Fidelity的FBTC和Grayscale的GTBC ETF表现出色。 Grayscale的Ethe ETF记录了最大的单日净流出。总体而言，美国现货比特币ETF持有11.65亿比特币。

Conclusion

结论

The recent developments indicate that cryptocurrency ETFs face regulatory challenges, prompting investors to adopt a cautious approach. The potential non-recognition of meme coins as financial instruments adds to the uncertainty in this sector.

最近的事态发展表明，加密货币ETF面临监管挑战，促使投资者采取谨慎的方法。由于金融工具的潜在不认识模因硬币增加了该行业的不确定性。