SEC的Bitwise Files S-1文檔尋求批准啟動Dogecoin（Doge）ETF

Crypto指數基金經理Bitwise已向尋求批准的證券交易委員會（SEC）提交了S-1文件，以啟動與Dogecoin（Doge）價格相關的交易所交易基金（ETF）。

Crypto index fund manager Bitwise has filed an S-1 document with the Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tied to the price of Dogecoin (DOGE).

Crypto Index基金經理BITWISE已向證券交易委員會（SEC）提交了S-1文件，以啟動與Dogecoin（Doge）價格相關的交易所交易基金（ETF）。

The filing with the securities regulator came about a week after Bitwise registered a Dogecoin ETF trust in the state of Delaware.

向證券監管機構提交的文件大約是在Bitwise在特拉華州註冊Dogecoin ETF信託的一周後。

Two forms, S-1 and 19b-4, must be approved by the SEC for listing and trading ETFs on public exchanges. The S-1 forms are submitted by the issuer with product details, while the 19b-4 forms, submitted by the listing exchange, outline conditions and amend listing rules for a new product.

SEC必須批准兩種形式的S-1和19B-4表格，以在公共交流上上市和交易ETF。 S-1表格由發行人提交，其中包含產品詳細信息，而由上市交易所，概述條件和新產品的上市規則提交的19b-4表格。

Bitwise is not the first company to seek approval for a Dogecoin ETF. Earlier, Rex Shares and Osprey Funds sought regulatory approval for several crypto ETFs, including Dogecoin. However, the two firms' S-1 filings for a Dogecoin ETF differ.

Bitwise不是第一家尋求Dogecoin ETF批准的公司。此前，雷克斯（Rex）的股票和魚鷹基金（Osprey Funds）尋求幾種加密ETF的監管機構批准，包括狗狗（Dogecoin）。但是，這兩家公司的Dogecoin ETF的S-1備案不同。

Bitwise is seeking a DOGE ETF under the 33 Act rather than the 40 Act, which Rex and Osprey filed under, Bloomberg Intelligence senior ETF analyst Eric Balchunas pointed out.

彭博情報高級ETF分析師埃里克·巴爾丘納斯（Eric Balchunas）指出，Bitwise是根據《 33法》而不是《雷克斯和魚鷹》提出的40條法案尋求道道ETF。

This is the first ‘33 Act (a la $IBIT) doge filing. Rex has on e filed under 40 Act but that isn’t the same true blue physically backed structure

這是第一個'33 Act（a la $ ibit）檔案。雷克斯（Rex

S-1 filings under the 33 Act are generally used for specialized, commodity-based ETFs, while the 40 Act offers stronger investor protection by imposing additional SEC requirements. For example, the 40 Act restricts leverage and short-selling and enforces stricter fiduciary oversight and governance.

根據《 33 ACT》，S-1備案通常用於基於商品的專業ETF，而40 ACT通過強加其他SEC要求提供了更強大的投資者保護。例如，這40條法案限制了槓桿作用，賣空，並執行更嚴格的信託監督和治理。

The Changing Crypto Landscape in the US

美國不斷變化的加密景觀

Crypto companies have been attempting to list ETFs on public exchanges for years. The floodgates opened after the SEC first approved the listing and trading of 11 Bitcoin ETFs simultaneously on US exchanges in January 2024. Later, the Ethereum ETF also received approval.

多年來，加密公司一直在嘗試將ETF列入公共交流。 SEC首次在2024年1月在美國交易所同時批准了11個比特幣ETF的上市和交易後，閘門開業。後來，以太坊ETF也獲得了批准。

Bitwise is already one of the issuers of Bitcoin and Ethereum ETFs. The asset manager has filed for approval for XRP and Solana ETFs in addition to Dogecoin.

Bitwise已經是比特幣和以太坊ETF的發行人之一。資產經理除Dogecoin外，還申請了XRP和Solana ETF的批准。

Former SEC Chair Gary Gensler was notably critical of cryptocurrencies. However, after Donald Trump became President, crypto-friendly Mark Uyeda was appointed Acting SEC Chair until the nomination of Paul Atkins receives Senate approval. Now, it remains to be seen how the new SEC leadership will approach crypto.

前SEC主席Gary Gensler對加密貨幣特別批評。但是，在唐納德·特朗普（Donald Trump）成為總統後，對加密貨幣友好的馬克·烏耶達（Mark Uyeda）被任命為代理SEC主席，直到提名保羅·阿特金斯（Paul Atkins）獲得參議院的批准。現在，新的SEC領導層將如何處理加密貨幣還有待觀察。

President Trump also recently appointed a working group to explore potential cryptocurrency policies in the US.

特朗普總統最近還任命了一個工作組，以探討美國潛在的加密貨幣政策。