Bitwise，Dogecoin ETF和SEC的批准：我們還在嗎？

Bitwise的更新的Dogecoin ETF申請，包括內在的贖回，信號對SEC批准的樂觀態度。這是Doge ETF的曙光嗎？

The world of crypto ETFs is buzzing, and the spotlight is on Dogecoin. Bitwise's recent moves, particularly their updated Dogecoin ETF filing with the SEC, have everyone wondering: are we finally on the verge of a Dogecoin ETF?

加密ETF的世界正在嗡嗡作響，眾人矚目。 Bitwise最近的舉動，尤其是他們更新的Dogecoin ETF向SEC提交的備案，每個人都想知道：我們終於處於Dogecoin ETF的邊緣？

In-Kind Redemptions: A Game Changer?

實物贖回：改變遊戲規則？

Bitwise updated its filing to include in-kind creations and redemptions. This is a big deal because it allows broker-dealers to directly trade shares for DOGE tokens instead of cash. According to Bloomberg's ETF analyst Eric Balchunas, in-kind redemptions are practically a lock for spot crypto ETFs. Why? Because it's more tax efficient, and the SEC seems to be warming up to the idea.

Bitwise更新了其文件，包括實物創作和贖回。這很重要，因為它允許經紀交易商直接將股份交易為Doge代幣而不是現金。根據彭博社的ETF分析師埃里克·巴爾庫納斯（Eric Balchunas）的說法，實物贖回實際上是現場加密ETF的鎖。為什麼？因為這是更有效的稅收效率，而SEC似乎正在升溫這個想法。

Why This Matters

為什麼這很重要

Currently, U.S.-based crypto funds have to jump through hoops, exchanging tokens for cash and then cash for shares (or vice versa). In-kind redemptions streamline this process, making it more efficient and potentially more appealing to investors.

目前，總部位於美國的加密基金必須跳過籃球，將令牌交換現金，然後現金獲得股票（反之亦然）。實物救贖簡化了這一過程，使其對投資者更加有效，並有可能更具吸引力。

The SEC's Stance: Softening Up?

SEC的立場：軟化？

There's a sense that the SEC is becoming more open to crypto ETFs, especially with a potential shift in administration. SEC Commissioner Hester Pierce even hinted that in-kind redemptions for crypto ETFs are “certainly on the horizon.” If it's kosher for Dogecoin, it's likely to be kosher for Bitcoin, which is a much bigger market.

從某種意義上說，SEC對加密ETF越來越開放，尤其是隨著管理的潛在轉變。 SEC專員Hester Pierce甚至暗示，對加密ETF的實物贖回“肯定會在地平線上”。如果是狗狗幣的猶太潔食，那麼比特幣的猶太潔食可能是一個更大的市場。

Bitwise Leads the Pack

鑽頭領導包裝

Bitwise was the first to file for a DOGE ETF back in January, and now they're leading the charge with these crucial updates. Other players like Grayscale and 21Shares are also in the game, but Bitwise's proactive approach is turning heads.

Bitwise是一月份第一個提交Doge ETF的人，現在他們以這些關鍵更新為領導。其他玩家也參加了遊戲，但Bitwise的積極主動方法正在轉彎。

The Experts Weigh In

專家體重

Bloomberg analysts Eric Balchunas and James Seyffart have raised the odds of a Dogecoin ETF approval to a whopping 90%. They think it's now a matter of “when,” not “if.” That's a pretty confident prediction, and it's based on the progress we've seen and the ongoing dialogue with regulators.

彭博分析師Eric Balchunas和James Seyffart將Dogecoin ETF批准的機率提高到90％。他們認為現在是“何時”的問題，而不是“如果”。這是一個非常自信的預測，它基於我們看到的進度以及與監管機構的持續對話。

What's Next?

接下來是什麼？

The final deadline for the SEC to make a decision is October 17. That gives them several months to dot the i's and cross the t's. Will they give the green light? All signs point to yes, but in the world of crypto, anything can happen.

SEC做出決定的最後截止日期是10月17日。這給了他們幾個月的時間來點擊I's並越過T。他們會給綠燈嗎？所有跡像都指向是，但是在加密貨幣世界中，任何事情都可能發生。

My Take: Buckle Up, Buttercup

我的看法：扣緊，毛cup

Personally, I think we're closer than ever to seeing a Dogecoin ETF. The inclusion of in-kind redemptions is a game-changer, and the SEC seems to be warming up to the idea of crypto ETFs in general. It feels like the stars are aligning for Dogecoin, and honestly, who wouldn't want to see a meme coin finally break into the big leagues of traditional finance? It's about time!

就個人而言，我認為我們比以往任何時候都更接近Dogecoin ETF。包括現實的救贖是一種改變遊戲規則的人，而SEC似乎正在加深加密ETF的想法。感覺就像星星在為Dogecoin保持一致，老實說，誰不想看到模因硬幣終於闖入傳統金融的大聯盟？是時候了！

So, keep your eyes peeled, folks. The next few months could be very exciting for Dogecoin and the entire crypto ETF landscape. To the moon... maybe with an ETF in tow!

因此，請睜大眼睛，伙計們。對於Dogecoin和整個加密ETF景觀而言，接下來的幾個月可能會非常令人興奮。到月球...也許是拖曳的ETF！