SEC的Bitwise Files S-1文档寻求批准启动Dogecoin（Doge）ETF

Crypto指数基金经理Bitwise已向寻求批准的证券交易委员会（SEC）提交了S-1文件，以启动与Dogecoin（Doge）价格相关的交易所交易基金（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基金经理BITWISE已向证券交易委员会（SEC）提交了S-1文件，以启动与Dogecoin（Doge）价格相关的交易所交易基金（ETF）。

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

向证券监管机构提交的文件大约是在Bitwise在特拉华州注册Dogecoin ETF信托的一周后。

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必须批准两种形式的S-1和19B-4表格，以在公共交流上上市和交易ETF。 S-1表格由发行人提交，其中包含产品详细信息，而由上市交易所，概述条件和新产品的上市规则提交的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不是第一家寻求Dogecoin ETF批准的公司。此前，雷克斯（Rex）的股票和鱼鹰基金（Osprey Funds）寻求几种加密ETF的监管机构批准，包括狗狗（Dogecoin）。但是，这两家公司的Dogecoin ETF的S-1备案不同。

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.

彭博情报高级ETF分析师埃里克·巴尔丘纳斯（Eric Balchunas）指出，Bitwise是根据《 33法》而不是《雷克斯和鱼鹰》提出的40条法案寻求道道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

这是第一个'33 Act（a la $ ibit）档案。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.

根据《 33 ACT》，S-1备案通常用于基于商品的专业ETF，而40 ACT通过强加其他SEC要求提供了更强大的投资者保护。例如，这40条法案限制了杠杆作用，卖空，并执行更严格的信托监督和治理。

The Changing Crypto Landscape in the US

美国不断变化的加密景观

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.

多年来，加密公司一直在尝试将ETF列入公共交流。 SEC首次在2024年1月在美国交易所同时批准了11个比特币ETF的上市和交易后，闸门开业。后来，以太坊ETF也获得了批准。

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已经是比特币和以太坊ETF的发行人之一。资产经理除Dogecoin外，还申请了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对加密货币特别批评。但是，在唐纳德·特朗普（Donald Trump）成为总统后，对加密货币友好的马克·乌耶达（Mark Uyeda）被任命为代理SEC主席，直到提名保罗·阿特金斯（Paul Atkins）获得参议院的批准。现在，新的SEC领导层将如何处理加密货币还有待观察。

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

特朗普总统最近还任命了一个工作组，以探讨美国潜在的加密货币政策。