Memecoin ETF文件乘以dogecoin s-1的位数

几乎每天都会出现加密交易所交易基金（ETF）的文件。本周早些时候，Tuttle Capital Management宣布提交10个杠杆加密ETF，其中包括一些著名的硬币，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）文件几乎每天都在提交。在本周早些时候，塔特尔资本管理公司宣布提交10个杠杆加密ETF，尤其是一些著名的硬币，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However, Tuttle has since issued a statement revealing that it has withdrawn these filings.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，塔特尔（Tuttle）发表了一份声明，揭示了它已撤回了这些文件。彭博社高级ETF分析师埃里克·巴尔库纳斯（Eric Balchunas）在Twitter上的一篇文章中建议，这可能是美国证券交易委员会（SEC）“绘制线路”的地方，而这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 Balchunas wrote, adding that this is why it’s notable the Trump, Doge filing from Rex *hasn't* been withdrawn.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.”

“塔特尔撤回了对2倍梅拉尼亚，特朗普等ETF的备案。通常情况下，当监管机构称发行人的身份时，就会发生这种情况。 Balchunas写道，并补充说，这就是为什么特朗普著名的原因，雷克斯（Rex） *没有被撤回。一些早期的迹象表明线可能是秒。”

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的最新文件也特别有趣。 Bitwise已向其位于狗狗币ETF提交了S-1，并在上周正式登记后正式。

“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说：“新：@bitwiseVest为位狗狗ETF正式提交了S-1，”他补充说，这是“第一个'33 Act（a La $ ibit）Doge申请。”

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.

根据1933年《证券证券法》提交的ETF申请表明，该基金是作为传统证券提供的，这意味着它旨在直接持有“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，根据1940年《投资公司法》的ETF申请没有相同的身体支持结构，这意味着它可能不会直接持有Dogecoin。取而代之的是，它可能投资于与狗狗币相关的衍生品或其他证券。

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告诉《金融时报》，他“不了解这些ETF的用例或目的，除了赌博价格上涨还是下跌之外”。

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

北美被动战略研究总监说，这些资金“摆脱了资本市场的目的”。

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.

同时，在过去两天中，“适当的” ETF（比特币和以太坊基金）的净流出总计6亿美元（澳元9.63亿美元）。

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周二的数据并非所有ETF都完全可用，但是周一的数据表明，尽管IBIT的净流入率为6,390万美元（AU 1.025亿美元），但几家基金经历了净流出，使总流量成为负面的领土。

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.

富达的FBTC和Grayscale的GTBC遭受最大的损失，净流出量为2.686亿美元（4.313亿美元）和1.085亿美元（1.741亿美元）。

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的表现稍好一些，仅1.362亿美元（2.184亿美元）的净流出，而Grayscale的Ethe看到最大的单日净外出流量为8420万美元（AU 1.351亿美元）。

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

现在，美国所有的比特币ETF现在占所有BTC的5.55％，其中11.65亿枚硬币。