世界上最受认可的Memecoin即将进入ETF伞

纽约证券交易所ARCA已正式向美国证券交易委员会（SEC）（SEC）正式提出了19b-4请求，以寻求许可以列出和交易位于Dogecoin ETF。

The world’s most recognized memecoin is reportedly set to come under the ETF umbrella.

据报道，世界上最受认可的纪念物将属于ETF伞。

NYSE Arca has officially filed a 19b-4 request with the U.S. Securities and Exchange Commission (SEC) seeking permission to list and trade the Bitwise Dogecoin ETF. If approved, the product would be one of the first U.S.-listed Dogecoin-focused exchange-traded funds, offering regulated access to a token that began as an internet parody but has evolved into a multibillion-dollar digital asset.

纽约证券交易所ARCA已正式向美国证券交易委员会（SEC）（SEC）正式提出了19b-4请求，以寻求许可以列出和交易位于Dogecoin ETF。如果获得批准，该产品将是最早以dogecoin为中心的交易所交易的资金之一，它可以从互联网模仿开始，但已演变为数十亿美元的数字资产。

The New York Stock Exchange subsidiary submitted a formal proposal—known as a 19b-4—asking the SEC to consider rule changes that would allow for Bitwise’s ETF to be listed under NYSE Arca Rule 8.201-E, which governs Commodity-Based Trust Shares.

纽约证券交易所的子公司提交了一项正式建议（称为19b-4），要求SEC考虑规则更改，该规则将允许Bitwise的ETF根据NYSE ARCA规则8.201-E列出，该规则管理基于商品的信托股票。

“Pursuant to the provisions of Section 19(b)(1) of the Securities Exchange Act of 1934, as amended (the ‘Act’ or ‘34 Act’) and Rule 19b-4 thereunder, NYSE Arca, Inc. (‘NYSE Arca’ or ‘Exchange’), proposes to list and trade shares of the Bitwise Dogecoin ETF (the ‘Trust’) under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares),” the filing reads.

“Pursuant to the provisions of Section 19(b)(1) of the Securities Exchange Act of 1934, as amended (the 'Act' or '34 Act') and Rule 19b-4 thereunder, NYSE Arca, Inc. ('NYSE Arca' or 'Exchange'), proposes to list and trade shares of the Bitwise Dogecoin ETF (the 'Trust') under NYSE Arca Rule 8.201-E (Commodity-Based Trust股票），申请写道。

Bitwise initially signaled its intentions in late January by filing an S-1 registration form with the SEC, detailing its plan to launch a Dogecoin ETF. Now, the 19b-4 filing is the next critical step, allowing the SEC to begin a formal review period.

Bitwise最初通过向SEC提交S-1注册表格，在1月下旬提出了其意图，详细介绍了其启动Dogecoin ETF的计划。现在，19b-4申请是下一个关键步骤，允许SEC开始正式的审查期。

One of the standout elements of Bitwise’s proposal is the institutional infrastructure in place. Coinbase Custody will serve as the custodian for the fund’s DOGE holdings, ensuring the cryptocurrency is securely managed. Meanwhile, the Bank of New York Mellon (BNY Mellon) will reportedly handle cash custody, administration, and record-keeping, tying the fund to traditional financial institutions.

Bitwise提议的杰出要素之一是制度基础设施。 Coinbase监护权将作为基金Doge Holdings的托管人，以确保对加密货币进行安全管理。同时，据报道，纽约梅隆银行（BNY Mellon）将处理现金监护，管理和记录保存，将基金与传统金融机构联系在一起。

The ETF is designed to use cash creations and redemptions, meaning investors will not be able to contribute or receive DOGE directly. According to the filing, the fund will track the price of Dogecoin using the CF Dogecoin-Dollar Settlement Price, a pricing benchmark that calculates a daily Net Asset Value (NAV) closely reflecting the token’s market value.

ETF旨在使用现金创造和赎回，这意味着投资者将无法直接贡献或接收Doge。根据文件，该基金将使用CF Dogecoin-allar和解价格跟踪Dogecoin的价格，这是一个定价基准，该基准计算出每日净资产价值（NAV），可密切反映代币的市场价值。

Bitwise is not the only firm applying for a Dogecoin ETF. Grayscale and Rex Shares have also submitted proposals for similar products. Notably, Grayscale’s DOGE ETF filing has already been acknowledged by the SEC, a key milestone in the approval process.

Bitwise不是唯一申请Dogecoin ETF的公司。 Grayscale和Rex股票还提交了针对类似产品的建议。值得注意的是，SEC已承认灰度的Doge ETF申请，这是批准过程中的关键里程碑。

With Grayscale’s filing now acknowledged, the regulator has officially begun a countdown to review and make a decision, placing potential final decision window around mid-October.

随着Grayscale的文件现在得到确认，监管机构已正式开始倒计时以进行审查并做出决定，并在10月中旬左右放置了潜在的最终决策窗口。

As the SEC weighs these proposals, market observers have become increasingly optimistic that 2025 could see the approval of a Dogecoin ETF. According to prediction markets, the odds have climbed substantially in recent weeks.

当SEC权衡这些建议时，市场观察者已经越来越乐观，认为2025年可以看到Dogecoin ETF的批准。根据预测市场，最近几周的几率大大增加。

Bloomberg analysts have also weighed in, suggesting the chance of any Dogecoin ETF approval could be as high as 75%.

彭博分析师也加入了权衡，这表明任何狗狗ETF批准的机会可能高达75％。