随着支持加密货币的特朗普政府上台，狗狗币 (DOGE) ETF 可能在 2025 年成为现实

随着对加密货币友好的特朗普政府于 2025 年 1 月上任，人们开始猜测狗狗币 (DOGE) 交易所交易基金 (ETF) 是否会在明年成为现实。

The cryptocurrency market is abuzz with speculation on whether a Dogecoin (CRYPTO: DOGE) exchange-traded fund (ETF) could become a reality in 2025.

加密货币市场上充斥着关于狗狗币（CRYPTO：DOGE）交易所交易基金（ETF）是否会在 2025 年成为现实的猜测。

With the Trump administration, known for its pro-crypto stance, set to take office in January, the possibility of new crypto ETFs being approved seems brighter.

随着以支持加密货币立场而闻名的特朗普政府将于 1 月份上任，新的加密货币 ETF 获得批准的可能性似乎更加光明。

In an interview with The Block, Nate Geraci, president of the ETF Store, said, "I think everything is on the table moving forward under the new administration."

ETF Store 总裁内特·杰拉奇 (Nate Geraci) 在接受 The Block 采访时表示：“我认为在新政府的领导下，一切都在讨论中。”

Trump, who has positioned himself as a pro-crypto leader, has promised to make the United States the “bitcoin capital of the world.”

将自己定位为支持加密货币的领导人的特朗普承诺让美国成为“世界比特币之都”。

In a move reflecting his approach, Trump has created the Department of Government Efficiency (DOGE), which will be headed by Tesla and SpaceX CEO Elon Musk, a known Dogecoin supporter.

特朗普设立了政府效率部 (DOGE)，由特斯拉和 SpaceX 首席执行官埃隆·马斯克 (Elon Musk) 领导，后者也是著名的狗狗币支持者。

The approval process for new crypto ETFs could become more streamlined under the incoming administration, especially as regulatory clarity improves.

在即将上任的政府的领导下，新的加密货币 ETF 的审批流程可能会变得更加简化，特别是随着监管透明度的提高。

“The hope is that the new administration moves quickly to designate which crypto assets are securities and which aren't,” Geraci added. “Once that framework is in place, the approval path for additional spot crypto ETFs should become much clearer.”

“希望新政府能够迅速采取行动，指定哪些加密资产是证券，哪些不是，”Geraci 补充道。 “一旦该框架到位，其他现货加密 ETF 的批准路径应该会变得更加清晰。”

Efforts to expand crypto ETFs are already underway, with Cboe BZX filing applications for four spot Solana (CRYPTO: SOL) ETFs last week.

扩大加密 ETF 的努力已经在进行中，Cboe BZX 上周提交了四只现货 Solana (CRYPTO: SOL) ETF 的申请。

Solana ETFs are expected to hit the market by mid-2025, according to experts.

专家称，Solana ETF 预计将于 2025 年中期上市。

However, Wall Street seems to be more skeptical about Dogecoin's chances.

然而，华尔街似乎对狗狗币的机会更加怀疑。

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

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……我们只能说华尔街更喜欢这些资产并不是作为模因诞生的。”

Despite starting as a joke, Dogecoin has evolved into the sixth-largest cryptocurrency, trading at around $0.40 and boasting a $59 billion market cap.

尽管狗狗币最初只是一个笑话，但它已发展成为第六大加密货币，交易价格约为 0.40 美元，市值达 590 亿美元。

Bloomberg's senior ETF analyst Eric Balchunas sees the possibility of a DOGE ETF filing, albeit with skepticism.

彭博社的高级 ETF 分析师 Eric Balchunas 看到了 DOGE ETF 备案的可能性，尽管对此持怀疑态度。

"Today's satire is tomorrow's ETF," Balchunas told The Block.

“今天的讽刺就是明天的 ETF，”巴尔丘纳斯告诉 The Block。

"You could ask yourself, ‘is DOGE a bridge too far?' and I would say we'll see. I think someone's gonna try it because why not?"

“你可以问自己，‘DOGE 是一座太远的桥吗？’我想说我们会看到的，我想有人会尝试一下，因为为什么不呢？”

Entrepreneurial financial firms are likely to capitalize on the momentum created by Bitcoin ETFs.

创业型金融公司可能会利用比特币 ETF 创造的势头。

"With the outstanding success of the BTC ETFs, entrepreneurial financial firms will seek to create whatever products might be a success," said Two Prime Digital Assets CEO Alexander Blume. "Now, will they be approved is a different matter."

Two Prime Digital Assets 首席执行官 Alexander Blume 表示：“随着 BTC ETF 的巨大成功，创业型金融公司将寻求创造任何可能成功的产品。” “现在，他们是否会获得批准是另一回事了。”

Blume highlighted a significant hurdle for Dogecoin — its highly concentrated holdings.

布鲁姆强调了狗狗币的一个重大障碍——其持股高度集中。

"Dogecoin may struggle to prove it's a fair market," he noted, while expressing optimism that the incoming SEC leadership could take a more permissive stance.

“狗狗币可能很难证明这是一个公平的市场，”他指出，同时对即将上任的 SEC 领导层可能采取更加宽松的立场表示乐观。

The crypto landscape may see a shift with U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler stepping down in January 2025.

随着美国证券交易委员会 (SEC) 主席加里·詹斯勒 (Gary Gensler) 于 2025 年 1 月辞职，加密货币格局可能会发生变化。

Known for his strict stance on crypto, Gensler's departure could open the door to more industry-friendly regulations.

Gensler 以其对加密货币的严格立场而闻名，他的离开可能会为更加有利于行业的监管打开大门。

"Gensler's unwillingness to engage with crypto has actually kept it at a less mature phase of its development," Giancarlo told The Block. "Ending the suppression is going to bring it to a more mature and more useful period of development."

Giancarlo 告诉 The Block：“Gensler 不愿意涉足加密货币领域，实际上使其处于不太成熟的发展阶段。” “结束压制将使其进入更成熟、更有用的发展时期。”

Another contender, currently the favorite on prediction market Kalshi, is former SEC Commissioner Paul Atkins.

另一位竞争者是前 SEC 专员保罗·阿特金斯 (Paul Atkins)，他目前是预测市场上最受关注的 Kalshi。