Memecoin ETF文件乘以dogecoin s-1的位數

幾乎每天都會出現加密交易所交易基金（ETF）的文件。本週早些時候，Tuttle Capital Management宣布提交10個槓桿加密ETF，其中包括一些著名的硬幣，例如Solana（Sol），XRP和Chainlink（Link），以及特朗普的Memecoin Trump和第一夫人的Melania 。

Crypto exchange-traded fund (ETF) filings are being submitted almost daily. Earlier in the week, Tuttle Capital Management announced the filing of 10 leveraged crypto ETFs, which notably feature some well-known coins such as Solana (SOL), XRP and Chainlink (LINK), as well as Trump’s memecoin TRUMP and the First Lady’s MELANIA.

加密交易所交易基金（ETF）文件幾乎每天都在提交。在本週早些時候，塔特爾資本管理公司宣布提交10個槓桿加密ETF，尤其是一些著名的硬幣，例如Solana（Sol），XRP和Chainlink（Link），以及特朗普的Memecoin Trump和第一夫人的Melania。 。

However, Tuttle has since issued a statement revealing that it has withdrawn these filings. Bloomberg Senior ETF Analysts Eric Balchunas suggested in a post on Twitter that this may be where the US Securities and Exchange Commission (SEC) “draws the line” when it comes to what’s acceptable and what not.

但是，塔特爾（Tuttle）發表了一份聲明，揭示了它已撤回了這些文件。彭博社高級ETF分析師埃里克·巴爾庫納斯（Eric Balchunas）在Twitter上的一篇文章中建議，這可能是美國證券交易委員會（SEC）“繪製線路”的地方，而這是可以接受和不可接受的。

“Tuttle withdrew the filing for the 2x Melania, Trump etc ETFs. Typically this happens when the regulators call the issuer and are like, 'c'mon'.” Balchunas wrote, adding that this is why it’s notable the Trump, Doge filing from Rex *hasn't* been withdrawn. Some early signs of where line may be for SEC.”

“塔特爾撤回了對2倍梅拉尼亞，特朗普等ETF的備案。通常情況下，當監管機構稱發行人的身份時，就會發生這種情況。 Balchunas寫道，並補充說，這就是為什麼特朗普著名的原因，雷克斯（Rex） *沒有被撤回。一些早期的跡象表明線可能是秒。”

The latest filing for a Dogecoin (DOGE) ETF is also particularly interesting. Bitwise has filed an S-1 for their Bitwise Dogecoin ETF, officially following the trust registration last week.

Dogecoin（Doge）ETF的最新文件也特別有趣。 Bitwise已向其位於狗狗幣ETF提交了S-1，並在上周正式登記後正式。

“NEW: @BitwiseInvest officially files an S-1 for the Bitwise Dogecoin ETF,” Balchunas said, adding that this is “the first ‘33 Act (a la $IBIT) doge filing.”

Balchunas說：“新：@bitwiseVest為位狗狗ETF正式提交了S-1，”他補充說，這是“第一個'33 Act（a La $ ibit）Doge申請。”

An ETF filing under the Securities Act of 1933 suggests that the fund is structured as a traditional securities offering, which means that it aims to hold “physical” Dogecoin directly.

根據1933年《證券證券法》提交的ETF申請表明，該基金是作為傳統證券提供的，這意味著它旨在直接持有“物理” Dogecoin。

In comparison, an ETF filing under the Investment Company Act of 1940 doesn’t have the same physically backed structure, which implies it may not directly hold Dogecoin. Instead, it might invest in derivatives or other securities linked to the performance of Dogecoin.

相比之下，根據1940年《投資公司法》的ETF申請沒有相同的身體支持結構，這意味著它可能不會直接持有Dogecoin。取而代之的是，它可能投資於與狗狗幣相關的衍生品或其他證券。

Morningstar executive Bryan Armour told the Financial Times that he doesn’t “understand the use case or the purpose of these ETFs, other than to gamble on whether the price is going up or down”.

Morningstar高管Bryan Armour告訴《金融時報》，他“不了解這些ETF的用例或目的，除了賭博價格上漲還是下跌之外”。

The director of passive strategies research for North America said these funds are “moving away from the purpose of capital markets.”

北美被動戰略研究總監說，這些資金“擺脫了資本市場的目的”。

Meanwhile, the “proper” ETFs — the Bitcoin and Ethereum funds — have seen a combined US$600 million (AU$963.3 million) in net outflows over the past two days.

同時，在過去兩天中，“適當的” ETF（比特幣和以太坊基金）的淨流出總計6億美元（澳元9.63億美元）。

Data from Farside Investors for Tuesday isn’t fully available for all ETFs, but data for Monday shows that despite IBIT’s US$63.9 million (AU$102.5 million) net inflows, several funds experienced net outflows, bringing the total flows into negative territory.

Farside Investors週二的數據並非所有ETF都完全可用，但是周一的數據表明，儘管IBIT的淨流入率為6,390萬美元（AU 1.025億美元），但幾家基金經歷了淨流出，使總流量成為負面的領土。

Fidelity’s FBTC and Grayscale’s GTBC suffered the most, with net outflows of US$268.6 million (AU$431.3 million) and US$108.5 million (AU$174.1 million) respectively.

富達的FBTC和Grayscale的GTBC遭受最大的損失，淨流出量為2.686億美元（4.313億美元）和1.085億美元（1.741億美元）。

Ethereum ETFs fared slightly better with only US$136.2 million (AU$218.4 million) in net outflows, with Grayscale’s ETHE seeing the largest single-day net outflows at US$84.2 million (AU$135.1 million).

以太坊ETF的表現稍好一些，僅1.362億美元（2.184億美元）的淨流出，而Grayscale的Ethe看到最大的單日淨外出流量為8420萬美元（AU 1.351億美元）。

All the US Spot Bitcoin ETFs combined now hold 5.55% of all BTC with 1.165 million of the coin.

現在，美國所有的比特幣ETF現在佔所有BTC的5.55％，其中11.65億枚硬幣。